#XRPETF 🌟
The cryptocurrency XRP is traded on the Ripple distributed ledger. It is secured through what the project calls a public network of validators. Anyone can be a validator, but unlike the operators of nodes in other cryptocurrency projects, this activity is not financially rewarding. Therefore, validators are often institutions that wish to ensure the security of the Ripple network, developers, or large investors.
Additionally, to participate in securing the network, validators must be approved by their peers. Ripple also recommends trusting the unique list of nodes to validate its transactions. This is a carefully selected list of validators. Of course, in such a context, XRP cannot operate with a resource-intensive algorithm like Proof of Work or what is known as mining, which is used by Bitcoin.
Therefore, Ripple developed a very lightweight algorithm called the Ripple Protocol Consensus Algorithm (RPCA). This means that running a node consumes very few resources. From a cost perspective, this may amount to about ten dollars a month, according to those who have tried the process.
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