David Vance

Coin

<ul class="news-points"> 
 <li>Ripple CTO says XRPL is highly secure and only vulnerable to attacks that halt the network.</li> 
 <li>David Schwartz claims such an attack is difficult to monetize, making it unlikely.</li> 
 <li>Schwartz noted potential risk scenarios where an attacker might open a large short position on XRP.</li> 
</ul> 
In a recent <a href="https://youtu.be/8zh0UAlZ2Ag?t=776&amp;si=i9LqQA3kiCRIlfqA" target="_blank" rel="nofollow">podcast</a>, Ripple’s Chief Technology Officer David Schwartz discussed the robust security of the XRP Ledger, identifying only one feasible attack vector on the network. 
Schwartz explained that the XRP Ledger utilizes a Proof-of-Association (PoA) consensus mechanism, which ensures integrity by prioritizing the first transaction received, thus preventing double-spending. 
The Ripple CTO confidently stated that the XRP Ledger’s design renders it impervious to attacks that would alter digital asset ownership. He said, “There is nothing you can tell my software that will result in it making your XRP somebody else’s XRP.” 
Schwartz also noted that the network has only been subjected to generic attacks and has yet to face sophisticated threats. However, he pointed out that the only plausible method of attack would be to disrupt the global sequence of transactions, which would effect…
The post <a href="https://coinedition.com/ripple-cto-reveals-xrp-ledgers-achilles-heel-downplays-attack-risk/">Ripple CTO Reveals XRP Ledger’s Achilles’ Heel, Downplays Attack Risk</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple CTO Reveals XRP Ledger’s Achilles’ Heel, Downplays Attack Risk

Coin Edition

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