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In this regard, XRP's classification as a blockchain remains a subject of discussion, with critics pointing to various aspects of, including its unique consensus mechanism, as reasons to doubt its status as a decentralized blockchain. XRP Ledger utilizes a unique consensus algorithm called the Ripple Protocol Consensus Algorithm , which relies on a group of trusted validators to authenticate and validate transactions.
According to Schwartz,"A blockchain is a series of states of a distributed ledger where each state, except the first, contains a secure reference to the prior state and sufficient information to demonstrate that the transition from that prior state is valid according to the system’s rules." On the other hand, a distributed ledger is a database that has no single authoritative copy. That is, the integrity of the data does not depend on the source of the data but on the contents of the data.Despite Schwartz's explanation, some critics are likely to remain skeptical of XRP's classification as a blockchain, which he appears indifferent to, saying,"But if people want to disagree, that's cool too.
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