[ad_1]
"With many measures, XRP is more decentralized than Bitcoin and Ethereum"
Given that XRP, the digital asset of choice for the start-up of fintech in Ripple, has risen to the top of the cryptocurrency rankings, many experts have questioned the inner workings of the resource. A primary criticism that has been propagandized is that XRP Ledger is centralized, since it uses an alternative mode of consent (validator / tracking system) that does not really remember the Proof of Work (PoW) of Bitcoin or the proposed Proof of Stake (PoS) ) system proposed by the mass of developers of Ethereum.
However, in an "Ask Me Anything" style interview conducted by Ripple & # 39; s SVP of Marketing Monica Long, Brad Garlinghouse, CEO of the San Francisco-based startup, explained why his asset is, in fact, , decentralized, rather than centralized.
Garlinghouse said for the first time that Ripple claimed that the XRP register has been decentralized for years, joking that this topic is too often presented. The insider of the encrypted sector, which is a longtime technology entrepreneur, noted that "people will spread their FUD (fear, uncertainty, doubt)", before adding that there is a lot of misinformation about the status and the underlying nature of XRP.
The boss joked that due to the presence of wrong information, those misaligned can continue to "engage in any fanaticism [they want]"However, in rapid succession, Garlinghouse noted that" it is very clear that the XRP register is decentralized. "By supporting his claim, which could be considered blasphemy by much of the cryptic community, Ripple's chief brass member exclaimed that today," Ripple executes seven validators, [which is] about four percent of [all] public validators. "
With this in mind, Garlinghouse added:
"With almost all measures now, XRP Ledger is more decentralized than the Bitcoin register or the Ethereum register, where there is a very small number of miners who control well over 50% of the mining power."
Closing his comments on the subject, Ripple's head explained that he tries not to pay attention to the FUD and would prefer to curb and continue to execute, while maintaining transparency, instead of emphasizing what the community thinks.
Are you going to book a trip with XRP on Travala?
According to previous reports by Ethereum World News, Travala.com, a crypto-centric travel reservation platform, began accepting XRP a few weeks ago. Long has taken note, asking Garlinghouse if he plans to book a trip with XRP on the site. Garlinghouse, maybe joking, maybe not, he said absolutely.
It does not matter if you use Travala or not, the Silicon Valley participant noted that "in the long run, the most effective way to demonstrate what we are doing is to see this organic development of the real world."
In the same interview, as reported by Ethereum World News earlier, Garlinghouse made it clear that XRP will continue to trade even if Ripple bites the dust. At the same time, the industry expert noted that, in the end, the encrypted resource above is not a security, calling attention to a number of "base-level reasons" to support his request. .
Ripple XRP Page Title Image Courtesy of Marco Verch on Flickr
