XRP Ledger Faces Challenges: Security, Decentralization, and the Future of Crypto Payroll
The XRP Ledger is in a bit of a pickle right now. They’re grappling with the lowest security ranking of 15 major blockchains, which isn’t exactly great for decentralization or investor trust, to say the least. The question now is whether they can bounce back with some governance reforms and a solid track record. Here’s what’s going on and what it might mean for XRP in this wild world of crypto.
The Security Ranking Dilemma
Recently, Kaiko did a deep dive into blockchain security and gave the XRP Ledger a score of 41 out of 100. The top scorer? Ethereum, with a shiny 83. The focus was on validator distribution and the Nakamoto coefficient, which basically measures decentralization. With only 35 validators on the default Unique…
