Analysis of the XRP Ledger Consensus Protocol
arXiv:1802.07242
Abstract
The XRP Ledger Consensus Protocol is a previously developed consensus protocol powering the XRP Ledger. It is a low-latency Byzantine agreement protocol, capable of reaching consensus without full agreement on which nodes are members of the network. We present a detailed explanation of the algorithm and derive conditions for its safety and liveness.
arXiv comment25 pages, 6 figures, 3 algorithms
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