Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Cardano Founder Praises XRP Ledger Consensus Design
Cardano founder Charles Hoskinson has praised the XRP Ledger after reviewing its consensus model during a live X Spaces discussion with David Schwartz
ContentsHoskinson Revisits XRPL After Years AwayUNL Design Draws Fresh AttentionSchwartz Role Adds ContextHis comments focused on XRPL’s speed, payment-focused structure, and use of trusted validator lists to reach agreement without mining or staking
The remarks came during a busy period for the XRP ecosystem, as Schwartz took a new honorary board role at the XRP Ledger Foundation.
Hoskinson Revisits XRPL After Years Away
Hoskinson said he had not closely reviewed the XRP Ledger design since around 2013 or 2014, but a new Cardano-related project brought him back to the network
His team is working on Midnight, a privacy-focused blockchain project tied to Cardano, and its glacier drop token distribution requires support for several networks, including XRPL.
Schwartz is advising the Cardano team on XRPL integration details. That work led Hoskinson to study the ledger’s consensus paper and reassess how the system handles Byzantine agreement. He described the design as a well-reasoned system and pointed to its practical focus on fast settlement.
The XRP Ledger launched in 2012 and uses a Federated Byzantine Agreement model. Unlike proof-of-work networks, it does not ask miners to solve complex puzzles. Unlike proof-of-stake networks, it does not rely on token locking to select validators.
UNL Design Draws Fresh Attention
Hoskinson placed specific attention on the Unique Node List, known as the UNL. Each XRPL participant can choose trusted validators, while recommended lists often include vetted validators from different regions and organizations.
He also noted the negative UNL, which helps the network continue operating when trusted validators go offline or stop responding
That feature can remove unreliable validators from the agreement process, so the ledger can maintain liveness instead of waiting indefinitely for missing participants.
The UNL structure has remained one of XRPL’s most debated design choices. Supporters argue that it gives the network fast confirmation and protection against validator spam
Critics argue that systems based on trusted lists carry decentralization trade-offs compared with permissionless mining or open validator entry.
Schwartz Role Adds Context
The timing of Hoskinson’s remarks gave the discussion added importance. The XRP Ledger Foundation announced new leadership on May 8, with Brett Mollin named executive director, Denis Angell named chief technology officer, Rene Huijsen named director of operations, and Hussein Zangana named director of community.
The board then added Schwartz as an honorary member because of his long history with XRPL’s original design
His role connects with Cardano’s Midnight work, where technical coordination with XRPL is needed.
Hoskinson’s comments do not end the debate over XRPL decentralization. However, they show renewed respect for an early blockchain design built around speed, efficiency, and global payments.