Forbes Highlights PageRank Method When Viewing the Top 10 XRP Accounts for Years Passed
Recently, Forbes turned their readers attention to a website called PageRank, which was named for Larry Page of Google. The website is made to rank websites by factoring in their quality and importance, based on the number of links to a website that are available to direct a user to the website. However, links that lead someone outside of a website reduce their importance.
This type of algorithm can be used for various data, but the PageRank version is specific to the central nodes in a network. The Forbes article turns the attention to the XRP ledger visualization that was developed in November 2018, which looks like this:
The writer of the article, Thomas Silkjær, posed two questions:
“What are those holes and what account is in the middle of it?” and “What are those isolated networks or clusters around the edges of the sphere?”
The holes he pints out are the central nodes and clusters, and the use of the algorithms makes it possible to find these details without the image. Instead, logic can be employed to see the patterns, which can then be used in both machine learning and other analytical purposes.
Silkjær adds subgraphs to show the XRP accounts for 2016, 2017, and 2018. The subgraph is featured below to show the ten most important accounts found on the XRP ledger presently.
With the writer’s look at the first few months of this year, he believes that there is a lot that has changed, with only a couple Binance accounts remaining. However, the year is new and there is plenty of changes that could happen in the next ten months.