Here’s what you need to know

Ripple’s CTO David Schwartz will attend the Permissionless conference later in October in Salt Lake City. Interestingly, when he tweeted about his appearance and participation, this sparked a discussion about the details behind permissive, semi-permissive, or trusted networks, or at least their categorization as such.

Digital asset researcher who went by the username X Anders posed a question to Schwartz, asking:

“What do you think about XRPL being described as ‘permitted’, ‘semi-permitted’ or ‘trusted’ in many documents from various organizations?

In essence, the term “permissioned” when used to describe a blockchain, implies a level of centralization, allowing an entity to make decisions and impact the network without going through a majority consensus.

Schwartz responded, calling such arguments “nonsense.”

I think it’s nonsense. A lot of things about blockchains are really important, but how to solve the double spend problem is almost irrelevant. What possible effect does it have?

I think it’s nonsense. A lot of things about blockchains are really important, but how to solve the double spend problem is almost irrelevant. What possible effect does it have?

— David “JoelKatz” Schwartz (@JoelKatz) August 17, 2024

Usually, whether a network is centralized or not depends on how its consensus algorithm is structured. Ripple, for example, uses a mechanism called the XRP Ledger Consensus Protocol.

According to the official documents, “everyone using the XRP Ledger can agree on the last state and which transactions occurred in which order. All valid transactions are processed without the need for a central operator or having a single point of failure.

The question that arises here is what happens when too many participants are not accessible. Ripple addresses this issue as follows:

If there are too many unreachable or misbehaving participants, the network does not progress instead of diverging or confirming invalid transactions.

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