January 2019
Beginner to intermediate
372 pages
11h 17m
English
Content preview from Foundations of Blockchain
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Ripple network
The Ripple network consists of a collection of servers that are similar to full nodes in Bitcoin. They collaborate to reach a consensus regarding the state of the network. Ripple maintains a public ledger that is constantly updated with the global truth about all the transactions.
The decentralized ledger of Ripple has two states: last closed ledger and open ledger. The last closed ledger state is the state of the most recent ledger agreed by the Ripple network. An open ledger accepts new transactions to be appended so that its state can be altered.
Each Ripple node maintains a list of a set of nodes called the Unique Node List (UNL), which will directly contribute to the state of the ledger. The UNL is a subset of the nodes ...