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Category: CRYPTO NEWS
The post Ripple Investigates XRP Ledger Network Halt as Centralization Concerns Resurface appeared on BitcoinEthereumNews.com. Ripple experiences a significant network halt in its XRP Ledger, raising concerns among users and experts about its decentralization efforts. The interruption saw the blockchain pause for over an hour, affecting around 88,000 transactions and highlighting the challenges faced by centralized networks. “It looked like consensus was running but validations were not being published,” noted Ripple’s CTO David Schwartz, underlining the complexities of maintaining network stability. Ripple’s XRP Ledger faced over an hour’s halt, prompting discussions on decentralization and network reliability. User funds remained secure during the incident. Ripple’s XRP Ledger Network Halted: Key Details and Analysis The recent incident involving the XRP Ledger has drawn attention to the platform’s underlying infrastructure. On February 4, the network halted operations for 64 minutes, preventing validations from being published at block height 93927174. Ripple’s chief technology officer, David Schwartz, indicated that while consensus was active, the validations were not disseminated, causing the network’s nodes to drift apart. This technical glitch necessitated manual interventions by validator operators to restart and synchronize the network’s ledger stream. The Impact of the Halt on Transactions and Users The temporary disruption resulted in a backlog of approximately 88,000 transactions, affecting both individual users and businesses relying on the XRP ecosystem. Daily, the XRP Ledger supports around 2 million transactions, with 30,000 to 60,000 unique senders participating, according to XRPSCAN data. Despite the halt, Ripple assured customers that their funds remained secure, mitigating concerns about the integrity of assets amid the network challenges. Decentralization Concerns and XRP’s Competitive Position The incident has reignited discussions surrounding the centralization of the XRP Ledger. Critics have often highlighted that Ripple’s network relies on a limited number of validators, which could pose risks during operational failures, unlike more decentralized platforms like Ethereum that boast over a million active validators. Daniel Keller, the…
2025-02-05T03:36:46+00:00