The Coinmotion Exchange, Based In Finland, Released This Blog Post Just Hours After Listing Ripple On Its Trading Platform, Titled:
The general consensus among most crypto users is that xrp is centralized since a good portion of the coins are in escrow, and there is a central figure by the name of brad garlinghouse who is the ceo of ripple. Ripple, the company, and xrp, the coin, are often used interchangeably. Anyone can publish a unl, and the xrp ledger foundation is the next to do so where it will likely be used just as much as the unl ripple uses.
“Xrp Is A Centralized Virtual Currency.”
Every element of xrp has been nipped and tweaked into an unrecognisable form in a bid to achieve this objective. Xrp uses its own rpca (ripple protocol consensus algorithm) and has roughly 1000 nodes. Anyone with a little experience of the cryptocurrency market will tell you that ripple is not the most decentralized of networks.
Since You're One Of The Designers Of Ripple, How About You Tell Us How Ripple Is Decentralized, Or At Least Point Us To A Good Description.
‘trusted’ operators on the ripple network. Ripple insights recently published a blog post which tried to differentiate between facts & fiction, thus debunking xrp ledger misconceptions. 33 nodes must finalize the transactions (the code refers to it as unl, unique node list) ripple, the company, hand selects the unique node list!
A Key Benchmark That We Aim To Achieve Is To Become More Decentralized Than Bitcoin, Which At The Time Of.
Since users are free to choose and even change their unls, the xrp ledger “is and always has been inherently decentralized.” Like other cryptocurrency and blockchain platforms,. How is marcus treacher defending ripple?
There Are Decentralized Elements Of The Coin But It’s Controlled In Several Ways By A Single Entity Which Means It.
When securities and exchange commission (sec) division of corporation finance director william hinman gave his opinion this summer that ether — the native asset of the ethereum platform — was not a security under federal law, he listed among his justifications the fact. To рut it аnоthеr wау, оutѕidеrѕ lооking tо buy xrp aren’t rеаllу worried аbоut thе сеntrаlizеd/dесеntrаlizеd аrgumеnt. The result is that xrp remains decentralized and is faster and more reliable than many of its competitors.