Schlagwortarchiv für: Consensus

Over 75 people attended the Ripple Labs Tech Talk for understanding consensus—as part of our ongoing initiative to better educate the broader community about Ripple technology.

Approaching the talk from both a technical and broader industry perspective, Chief Cryptographer David Schwartz discussed the role of innovative banks, the early influences of Bitcoin, and provided a technical history and overview of the core processes underpinning the Ripple protocol.

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Guests—who hailed from prominent tech firms, international financial institutions, and various universities—arrived early for a lively happy hour at the Ripple Labs headquarters in downtown San Francisco.

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This was the second in the Ripple Labs series of Tech Talks.

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In a lively Q&A segment, David answered a wide range of questions, from the technical—such as regarding the robustness of consensus—to the broad—including his take on bank innovation.

Stay tuned for a video recording of the event.

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recently released white paper from Ripple Labs examines how decentralized mechanisms can prevent bad actors in a block chain payments system from creating fake transactions. The Ripple Protocol consensus algorithm (RPCA) uses a node election system to establish the veracity of new transactions, adding them to a continuous chain of closed transactions that are considered absolute…

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