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Ripple takes a step towards decentralization as it sees a significant fall in its dUNL

Mark Prestwood

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Ripple sees significant rise in dUNL
Source: Pixabay

Ripple is undoubtedly one of the largest firms in the cryptospace today. The San Francisco-based exchange has been stung by a lot of criticism recently, despite repeated attempts by the Brad Garlinghouse-led team to disambiguate centralization claims of its cryptocurrency, XRP. A lot has been argued about its consensus protocol, the most recent one being on the issue of Ripple’s validators.

Ripple’s bone of contention has been the transactions on its network that need to be verified by the list of approved unique nodes. However, in Ripple’s latest effort towards decentralization, the San Francisco-based firm has reduced its default Unique Nodes List [dUNL], a ratio which currently stands at 21.2%.

There are 33 validators in the dUNL; out of which 7 are Ripple validators while non-Ripple validators account for 26 [25 independent, 1 unknown] ie., 78.8%, at press time.

As depicted in the following chart, the non-Ripple validators count has been on the rise since June 2018 and has exhibited significant growth pattern in the inclusion of new players in the scene.

Source: Mini Validator List | Default UNL Dominance Movement

The non-Ripple validator list includes Bitrue, Bithomp, Bitso, and Blockdaemon, among others. The development was announced by XRP Research Center on Twitter, with the tweet reading,

Mark is a full-time member of the Editorial team of AMBCrypto. With his five-year experience as a business editor for one of the largest dailies in the US, Mark brings sanity and order to our editorial team. Mark is a business major and loves building automotive parts when he's not working. Email him at [email protected] or [email protected]