Bitcoin [BTC], Ethereum [ETH] less decentralized than the XRP register, CEO of Ripple opini


In the last session of Ask Me Anything [AMA] for the year since the end of Ripple, Brad Garlinghouse, the CEO [CEO] The company responded to questions about qualifications, the regulatory framework and work with regulators, xRapid's performance and centralization in the XRP ecosystem. According to Garlinghouse, XRP is clearly a decentralized digital asset and labeled XRP's claims as centralized as "FUD".

As the leader of the parent company that gave birth to XRP, he said that Ripple manages seven validators that make up about four percent of public validators with any provision. He also said that the XRP register is more decentralized than Bitcoin [BTC] or the Ethereum [ETH] Ledger. Adding a statement for the backup, he said:

"The XRP register is more decentralized to the Bitcoin register or to the Ether register where there is a very small number of miners that control … Well, it has 50% extraction power, so we are excited about the progress we are making . "

Next, he claimed that the best way for Ripple to prove XRP is a decentralized digital asset is to continue to execute and ignore the "FUD" widespread in the cryptocurrency space. In his final words, he stated:

"I think it is [ignoring FUD] difficult because the ecosystem still has a lot but we will continue to do what we are doing and I think we would be very transparent with our strategy with our execution and we will continue to do so ".

Since the beginning of the creation of XRP, centralization in the ledger has been a major controversy for the ecosystem and for the company that created it – Ripple. One of the reasons for this approach says that Ripple's XRP holdings in large quantities lead to concentrating most of the control in the ecosystem at the company.

However, Ripple rejected these allegations by making clear that their positions are locked in escrow accounts through smart contracts.

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Priyamvada Singh

Priyamvada is a full-time journalist at AMBCrypto. A graduate in journalism and communication at Manipal University, she believes that blockchain technology is a revolutionary tool for advancing the future. Currently it has no value in cryptocurrencies.

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