Ripple CEO States XRP Very Much Decentralized

Ripple CEO Brad Garlinghouse said that XRP “is very clearly decentralized.” That was a response to numerous allegations that XRP is a centralized asset

Wed, 3/10/2018 - 19:03

Ripple CEO States XRP Very Much Decentralized

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In an interview that took place at the Swell conference recently, the Ripple CEO Brad Garlinghouse said that XRP “is very clearly decentralized.” That was a response to numerous allegations that XRP is a centralized asset since the majority of the tokens are frozen in the Ripple’s vault, which fueled opinions that the company may manipulate the coin’s market rate.

Besides, this is a fact that Ripple may freeze any holder’s XRP amount if the person is suspected in money-laundering, terrorism or other illegal activities. Also, XRP cannot be mined.

However, the CEO stated that nobody has the power to control the XRP ledger.

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Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.