Ripple's XRP Ledger Halts for 64 Minutes, Sparking Decentralization Debate

Generado por agente de IACoin World
martes, 4 de febrero de 2025, 11:25 pm ET1 min de lectura
XYZ--

The XRP Ledger, a blockchain network developed by Ripple, experienced an unprecedented pause in block production on February 4, 2025. The halt lasted for approximately 64 minutes, affecting around 88,000 transactions and raising concerns about the network's decentralization efforts.

During the incident, Ripple's chief technology officer, David Schwartz, noted that while consensus was active, validations were not being published, 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 temporary disruption resulted in a backlog of approximately 88,000 transactions, affecting both individual users and businesses relying on the XRP ecosystem. Despite the halt, Ripple assured customers that their funds remained secure, mitigating concerns about the integrity of assets amid the network challenges.

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. This has led to a broader scrutiny of how Ripple plans to enhance its decentralization moving forward.

As the network issues unfolded, XRP's price hit a low of $2.45 but quickly rebounded by 3.2%, reflecting ongoing market strength amid the challenges. Since the beginning of November, the asset has seen a remarkable increase of 396%, driven partly by market optimism regarding Ripple's positioning in the broader financial ecosystem. Additionally, Ripple's CEO Brad Garlinghouse is advocating for XRP to be recognized as a reserve asset in the U.S., a move supported by crypto influencers and potentially influential policymakers.

The XRP Ledger resumed operations after a one-hour halt without any loss of user funds or data. Developers are conducting a post-mortem analysis to identify the halt's root cause and prevent future incidents. The network's built-in safeguards detected the halt and prevented potentially inconsistent ledgers from being trusted, maintaining asset security throughout the incident.

The temporary halt of the XRP Ledger serves as a critical reminder of the inherent challenges and risks associated with blockchain networks. While user funds were safeguarded, the incident accentuates the urgency for Ripple to bolster its decentralization

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