XRP Ledger ranks lowest in Kaiko's security ranking

According to the latest report from blockchain research firm Kaiko, XRP Ledger (#XRPL ) has ranked last in their blockchain ecosystem security rankings. XRPL scored only 41/100 points, the lowest among the 15 analyzed blockchains, and significantly lower than Ethereum (83 points).

Security weaknesses of XRPL

Kaiko evaluates networks based on five criteria: governance, integration, liquidity, operational efficiency, and security. Regarding security, XRPL faces three main issues:

Recent incident: A software supply chain hack in April allowed #Hacker to inject malware into developer software packages, posing risks to users.

Low number of validators: XRPL has only about 190 active validators, compared to over 1 million for Ethereum and 1,700 for Solana. While this design aims to optimize speed, critics argue that it reduces diversity and increases the risk of coordinated attacks.

Low Nakamoto coefficient: The small number of validators and the consensus mechanism of XRPL lead to a low Nakamoto coefficient, a measure of decentralization and resistance to collusion.

These factors have resulted in XRPL receiving a low score, raising concerns about the safety and decentralization of this network after more than a decade of operation. #anh_ba_cong