Analysis of the XRP Ledger Consensus Protocol

02/20/2018 ∙ by Brad Chase, et al. ∙ 0

The XRP Ledger Consensus Protocol is a previously developed consensus protocol powering the XRP Ledger. It is a low-latency Byzantine agreement protocol, capable of reaching consensus without full agreement on which nodes are members of the network. We present a detailed explanation of the algorithm and derive conditions for its safety and liveness.

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