Ripple : why are there only ~115 validators?

Ripple update: why are there only ~115 validators?

if cost of running a validator is relatively cheap (under $1,000 for a computer) and negligible electricity costs, why aren’t there way more than 115 validators? can anyone spin up a validator and get included on this site within a month?

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About Ripple (XRP)

Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.

Author: norynsyra

Score: 3

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