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Author Topic: Is ripple proof of stake or proof of work?  (Read 175 times)
shadigiu (OP)
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January 15, 2018, 05:26:21 AM
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Hi!

I was wondering if ripple is proof of stake or proof of work.  If it's POS, how can I stake?
mangkanor
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January 15, 2018, 06:40:00 AM
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Neither of the two ..
The Ripple Protocol consensus algorithm (RPCA) is applied every few seconds by all nodes, in order to maintain the correctness and agreement of the network.Once consensus is reached the current ledger is considered “closed” and becomes the last-closed ledger.
DrYM
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January 15, 2018, 06:55:06 AM
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Impossible to stake, impossible to mine. Only buy it at exchanges.
hdclover
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January 15, 2018, 07:01:30 AM
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Quote from: shadigiu on January 15, 2018, 05:26:21 AM
Hi!

I was wondering if ripple is proof of stake or proof of work.  If it's POS, how can I stake?
Ripple is a company and you are talking about XRP coin. So XRP is neither proof of stake nor proof of work. It is a pre mined coin running on Ripple's protocol. The nodes in the ripple company validates all the transactions. That's it! This is the best example of centralisation.
Blah blah
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June 08, 2018, 01:15:24 PM
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@Hodor7777 answers on his blog : https://xrpcommunity.blog/consensus-model-vs-proof-of-work/
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