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October 12, 2018, 01:29:29 PM |
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Hey guys,
As we all know, in permissionless blockchains ,like the Bitcoin- and Ethereum network, incentives are present to reward miners for validating blocks. This is being done by releasing a specific amount of BTC/ETH to the miners for every block that has been appended to the Blockchain.
My question is:
Are there any incentives for being a validator in permissioned Blockchains, such as the Ripple network? As far as I know you can apply to become a trusted validator in this specific network. But what will be the benefit in doing so? Isn't this another concern in terms of centralisation, where Ripple will most likely be validating all of the blocks in the network?
I would appreciate any kind of further information on this topic, discussions are also welcome!
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