RATE Group | Highly Centralized Ripple (XRP) a Contagion not a Cryptocurrency – Crypto.IQ
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Highly Centralized Ripple (XRP) a Contagion not a Cryptocurrency – Crypto.IQ

15 Dec Highly Centralized Ripple (XRP) a Contagion not a Cryptocurrency – Crypto.IQ

Posted at 14:02h in Cryptocurrency News by

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The War On Shitcoins Episode 5: Ripple (XRP). The war on shitcoins is a Crypto.IQ series that targets and shoots down cryptocurrencies that are not worth investing in either due to their being scams, having serious design flaws, being centralized, or in general just being worthless copies of other cryptocurrencies. There are thousands of shitcoins that are ruining the markets, and Crypto.IQ intends to expose all of them. The crypto space needs an exorcism, and we are happy to provide it.

At this time, Ripple (XRP) is ranked as the number two cryptocurrency on CoinMarketCap with a market cap of $12.2 billion. However, when diving into Ripple’s actual technical details, it is clear XRP is not a cryptocurrency. XRP has no blockchain. Rather, it depends on a centralized distributed ledger system known as the Ripple Consensus Protocol. XRP has a built-in account freeze feature that most users are unaware of. The supply of XRP, and therefore the XRP market itself, is highly…

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