XRPL Validator States Why XRP Ledger is the Most Secure Network
Main Idea
An XRPL validator highlights the XRP Ledger's superior security model compared to Monero, which recently suffered a 51% attack, emphasizing XRPL's resistance to chain reorganization attacks.
Key Points
1. XRPL validator Vet argues that the XRP Ledger is the most secure network due to its design, which prevents chain reorganization attacks.
2. Monero recently experienced a 51% attack, with the attacking chain valued at $300 million taking control over Monero's $6 billion market cap network.
3. Vet points out that Monero's vulnerability stems from insufficient hashrate to protect itself, making it susceptible to attacks.
4. XRPL's consensus protocol is contrasted with Monero's proof-of-work system, highlighting its security advantages.
Description
XRP Ledger (XRPL) validator Vet (@Vet_X0) has used the ongoing Monero attack to highlight what he sees as XRP’s superior security model. “You can’t execute chain reorganization attacks” on XRP, he stated, contrasting it with proof-of-work systems that depend on high hashrate incentives to remain secure. Vet argued that these incentives can fail when network mining power is insufficient, exposing smaller chains in the process. He stated, “That’s why the XRP Ledger is the most secure network,” emp...
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