RATE Group | Bitcoin [BTC], Ethereum [ETH] less decentralized than XRP ledger, opines Ripple CEO
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Bitcoin [BTC], Ethereum [ETH] less decentralized than XRP ledger, opines Ripple CEO

20 Dec Bitcoin [BTC], Ethereum [ETH] less decentralized than XRP ledger, opines Ripple CEO

Posted at 23:16h in Ethereum News by

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In the last session of Ask Me Anything [AMA] for the year from Ripple’s end, Brad Garlinghouse, the Chief Executive Officer [CEO] of the company answered questions on securities, the regulatory framework and working with regulators, the performance of xRapid and the centralization in the XRP ecosystem. According to Garlinghouse, XRP is clearly a decentralized digital asset and labeled the claims of XRP being centralized as “FUD”.

As the leader of the parent company that gave birth to XRP, he stated that Ripple runs seven validators that makes up for about four percent of the public validators by any measure. He also opined that the XRP ledger is more decentralized than the Bitcoin [BTC] or the Ethereum [ETH] ledger. Adding a statement to back it up, he said:

“The XRP ledger is more decentralized to the Bitcoin ledger or the Ether ledger where you have a very small number of miners controlling… Well it passed 50% mining power. So we’re excited about the progress we’re…

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