Independent verification of validator performance in the XRP ledger

Title

Independent verification of validator performance in the XRP ledger

 Author

Behnen, Francis (TU Delft Electrical Engineering, Mathematics and Computer Science)

Contributor

Panichella, A. (mentor) ORCID 0000-0002-7395-3588
Olsthoorn, Mitchell (mentor) ORCID 0000-0003-0551-6690
Venkatesha Prasad, R.R. (graduation committee)

Degree granting institution

Delft University of Technology

 Programme

Computer Science and Engineering

 Project

CSE3000 Research Project

 Date

2020-06-22

 Abstract

The XRP network (Ripple network) is a global transaction network that settles trans- actions in seconds. It is a technology that provides new opportunities for traditional fi- nancial institutions and startups. In the XRP network, participants depend on each other’s functioning. However, at present Ripple Labs, Inc. is the only actor monitor- ing some form of performance. This paper presents a way for independent individuals to verify the score of validators. Further- more, to improve the insight into the per- formance of validators, a new metric is in- troduced. Together these improvements con- tribute towards a healthy decentralised XRP network.

 Subject

Blockchain
Performance metric
Performance Monitoring
Decentralised trust management
XRP

 To reference this document use:

http://resolver.tudelft.nl/uuid:7dfa5c87-5249-4cab-bb3f-675567c6d214

 Part of collection

Student theses

 Document type

bachelor thesis

 Rights

© 2020 Francis Behnen
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