Home / Ripple / Ripple & # 39; s Cory Johnson: "Ripple is not decentralized … XRP is certainly decentralized"

Ripple & # 39; s Cory Johnson: "Ripple is not decentralized … XRP is certainly decentralized"

/ Ultima / 2018/12 / ripples-cory-johnson-ripple-is-not-decentralized-XRP-is-definitely-decentralized /

Ripple & # 39; s Cory Johnson: "Ripple is not decentralized … XRP is certainly decentralized"

On Monday (3 December 2018), Cory Johnson, who joined the Californian company FinTech Ripple as Chief Market Strategist on March 9, 2018, spoke as part of a panel (in a "CryptoMondays" event held in San Francisco and streamed last night BeFast.TV) discussing cryptocurrencies.

Johnson was asked before reviewing 2018 and indicating the things he had found interesting:

"The price of XRP, although it has increased in recent days, has fallen dramatically over the year, yet the Ripple company is doing better and better, we have seen the sales cycle shift from a new customer every six weeks to two news clients a week We have over 150 banks and financial institutions that use Ripple's software-based products, so there's a real divergence between the price of digital assets and the adoption of the blockchain. "

He also faced the accusations of the Bitcoin maximalists that Ripple is not decentralized:

"Ripple is not decentralized, Ripple is a company with a CEO and a board of directors, it is a centralized XRP company is definitely decentralized … Centralization is not a permanent state It could be argued that Bitcoin was decentralized in its early days also argue that it is more centralized than it ever was … XRP has over 160 validators, we check 5% of validators, how can XRP be centralized? So, it comes to the definition of what centralization means, but if it means the ability of a & # 39; entity to control the network, it is undoubtedly true that XRP is not centralized. "

The moderator then asked Johnson if the whole issue of centralization / decentralization was not aware of the financial institutions that Ripple is talking about. He replied:

"I do not think we've lost a single potential customer for this discussion."

Johnson also spoke of the encrypted case:

"These custodial players seem to be getting closer and closer to the possibility of institutional reliance, and I think it will be a radical change in the assessment of digital resources, but it is one of the many dominoes that must fall."

During the question and answer session, a member of the audience asked Johnson why xCurrent was much more popular than xRapid among Ripple customers. Johnson replied:

"xCurrent and xRapid solve several related problems: banks do not want all their financial transactions on the public ledger … For some solutions, xCurrent is perfectly fine, for others, xRapid is right – for some, a combination could be right ".

Featured image courtesy of Ripple

Source link