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Trade crypto freely
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Points
Get promising tokens in streamlined on-chain trading
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Trade new tokens before they are officially listed
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Magnify your profit with leverage
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Trade any size with no fees and no slippage
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Get exposure to leveraged positions simply
Futures
Futures
Points
Hundreds of contracts settled in USDT or BTC
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HOT
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
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Get prepared for your futures trading
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Participate in events to win generous rewards
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Use virtual funds to experience risk-free trading
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Collect candies to earn airdrops
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Quick staking, earn potential new tokens
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Hold GT and get massive airdrops for free
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Be early to the next big token project
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New
Trade on-chain assets and enjoy airdrop rewards!
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New
Earn futures points and claim airdrop rewards
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Earn interests with idle tokens
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Auto-invest on a regular basis
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Pledge one crypto to borrow another
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VIP Wealth Hub
New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 📣 Creators, Exciting News!
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Note: You need to update App to version 7.25.0 or above to apply.
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Exploring the role of the Validator in the XRP network
The XRP network is based on a unique consensus system that uses validators to process and verify transactions. These validators play a crucial role in maintaining the integrity and security of the network.
What is an XRP validator?
An XRP validator is a node in the network that participates in the consensus process to confirm transactions and update the state of the ledger. Validators run the XRP Ledger software and apply the consensus rules to reach an agreement on the state of the network.
Key Functions of Validators
Consensus process
Consensus in XRP is achieved in a matter of seconds through voting rounds among validators. This rapid process allows XRP to process transactions in approximately 3-5 seconds, with a transaction cost of only $0.0002.
Validator Selection
Any entity can run an XRP validator, but only a subset of trusted validators participates in the final consensus. Ripple publishes and updates a recommended Unique Validator List (UNL), but users can configure their own UNL.
Importance for the XRP network
Validators are fundamental for:
Comparison with other systems
Unlike blockchains that use mining, XRP does not require an energy-intensive process to validate transactions. This makes the network more efficient and environmentally friendly.
Future of validation in XRP
As the XRP network continues to grow, the number and diversity of validators is expected to increase. This could further strengthen the decentralization and resilience of the network.
Validators are an essential component of the XRP architecture, enabling fast, cost-effective, and secure transactions. Their role will remain crucial for the success and ongoing adoption of XRP in the global payment ecosystem.