Guys there is a lot of incorrect information being thrown around about Ripple and how it relates to LDSR.
Who can become a ripple validator?
Anybody can download the software and become a validator. The more public your identity is to the world the more widely used and trusted your validator node or network becomes.
What is a ripple validator?
Similar to bitcoin ming but different in many ways since all XRP was mined pre ICO. Individual parties called validator nodes verify or "validate" a transaction.
What are the benefits of being a validator?
While there are no cash or reward incentives for running a validator node the increasing size of the network will add to decentralization, reduced transaction speeds and costs, and support the growth of Ripple.
Validators can vote for changes to basic transaction cost as well as reserve requirements.
How much does it cost to run a validator?
Running a validator does not require any fees or XRP. It is comparable in cost to running an email server in terms of electricity.
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