{"id":492,"date":"2023-07-11T05:05:52","date_gmt":"2023-07-11T05:05:52","guid":{"rendered":"http:\/\/www.seafan.me\/?p=492"},"modified":"2023-10-14T23:10:22","modified_gmt":"2023-10-14T23:10:22","slug":"xrp-news-ripples-transparent-approach-research-exposes-xrpl-vulnerabilities","status":"publish","type":"post","link":"http:\/\/www.seafan.me\/index.php\/2023\/07\/11\/xrp-news-ripples-transparent-approach-research-exposes-xrpl-vulnerabilities\/","title":{"rendered":"XRP News: Ripple\u2019s Transparent Approach, Research Exposes XRPL Vulnerabilities"},"content":{"rendered":"<p>The post <a rel=\"nofollow\" href=\"https:\/\/coinpedia.org\/ripple\/xrp-news-ripples-transparent-approach-research-exposes-xrpl-vulnerabilities\/\">XRP News: Ripple\u2019s Transparent Approach, Research Exposes XRPL Vulnerabilities<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/coinpedia.org\">Coinpedia Fintech News<\/a><\/p>\n<p>In a move towards transparency and continuous improvement, Ripple, the company behind the XRP Ledger (XRPL), has supported research projects through its University Blockchain Research Initiative (UBRI).\u00a0<\/p>\n<p>One would assume that research funded by the parent company would only yield positive results, however, the recently published research papers have identified vulnerabilities and raised concerns about the XRPL\u2019s security and network structure. <\/p>\n<h2 class=\"wp-block-heading\"><strong>Bill Morgan Discusses Vulnerabilities in the XRP Ledger\u00a0<\/strong><\/h2>\n<p>Lawyer and crypto enthusiast Bill Morgan has shared the findings of this research paper in his recent Twitter post. He highlights two specific findings from the research papers.\u00a0<\/p>\n<p>According to Bill Morgan, the research paper titled \u201cA Ripple for Change: Analysis of Frontrunning in the XRP Ledger\u201d raises concerns about frontrunning vulnerabilities in the XRPL. The authors of the paper argue that the current defense mechanism of randomizing transaction execution order in XRPL is not effective enough to prevent frontrunning attacks. <\/p>\n<p>They claim that while frontrunning has been extensively studied in relation to Ethereum, their study is the first of its kind to explore this issue specifically in the context of the XRPL.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I just read today a couple of  research papers supported by UBRI. One is entitled \u2018A Ripple for Change: Analysis of frontrunning in the XRP Ledger\u2019. If you think because Ripple is incentivising or providing funds to the UBRI there is no criticism of the XRPL you\u2019d be wrong \/2<\/p>\n<p>\u2014 bill morgan (@Belisarius2020) <a href=\"https:\/\/twitter.com\/Belisarius2020\/status\/1678026372676227073?ref_src=twsrc%5Etfw\">July 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>In addition, Bill Morgan addresses the issue of network centralization and targeted attacks as highlighted in the second paper titled \u201cTopology Analysis of the XRP Ledger.\u201d This research brings to light that the XRPL shows a reliance on influential nodes within its network structure. This dependency raises valid concerns regarding network centralization and exposes a potential vulnerability to targeted attacks.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Another article supported by UBRI is entitled \u201cTopology Analysis of the XRP Ledger\u201d. It finds that there is a dependence on influential nodes which contributes to network centralization and raises questions about network security and vulnerability to targeted attacks \/5 <a href=\"https:\/\/t.co\/Yw54CsN5e1\">pic.twitter.com\/Yw54CsN5e1<\/a><\/p>\n<p>\u2014 bill morgan (@Belisarius2020) <a href=\"https:\/\/twitter.com\/Belisarius2020\/status\/1678026395182837762?ref_src=twsrc%5Etfw\">July 9, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\" id=\"h-ripple-s-commitment-to-strengthening-the-xrpl\"><strong>Ripple\u2019s Commitment to Strengthening the XRPL<\/strong><\/h2>\n<p>Bill Morgan advocates for Ripple\u2019s funding and support of research that identifies vulnerabilities and challenges within the XRP Ledger (XRPL). According to him, this allows Ripple to acknowledge and tackle the identified issues leading to enhanced security and efficiency within the XRPL. <\/p>\n<p>He further acknowledges that continued improvement is necessary for all systems, and Ripple\u2019s willingness to address these concerns demonstrates its dedication to elevating XRPL\u2019s overall performance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The post XRP News: Ripple\u2019s Transparent Approach, Research Exposes XRPL Vulnerabilities appeared first on Coinpedia Fintech News In a move towards transparency and continuous improvement, Ripple, the company behind the XRP Ledger (XRPL), has supported research projects through its University Blockchain Research Initiative (UBRI).\u00a0 One would assume that research funded by the parent company would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/492"}],"collection":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/comments?post=492"}],"version-history":[{"count":1,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/492\/revisions"}],"predecessor-version":[{"id":493,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/492\/revisions\/493"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/media\/494"}],"wp:attachment":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/media?parent=492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/categories?post=492"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/tags?post=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}