Ripple CTO says large XRP holdings does not make it centralized
Recently, a tweet from David Schwartz, the chief technology officer (CTO) at Ripple, sparked a debate about the decentralization of XRP and Ripple’s influence over it. Schwartz’s tweet was a response to a user’s comment about Ripple’s large holdings of XRP. The user suggested that Ripple’s significant ownership could potentially allow it to manipulate the price of XRP, thereby making the system less de central ized. Schwartz countered this argument by stating that Ripple’s ownership of XRP does not give it control over the ledger or its governance. He further challenged critics to explain how Ripple could use its supposed control to cause harm, suggesting that it simply cannot be done. You might also like: XRP is up 2% amid decentralization discussions De central ization is a key value proposition of cryptocurrencies. It refers to the distribution of authority, control, and influence across a network, rather than being concentrated in a...