Hacker News new | ask | show | jobs
by jki275 2213 days ago
It's a distributed ledger "distributed" among a permission group of owners.

The real test is if you can just replace it with a database is it still relevant? In this case, you change nothing by just removing the "blockchain" and replacing it with a database server. Same thing with XRP, it's not distributed consensus in any meaningful way and thus is not a cryptocurrency by any accepted definition.