anjalirp Posted March 16, 2018 Share Posted March 16, 2018 There have been many reports and researchers claiming that the currency is centralized. This reason alone makes it a good move on the company’s part as it clarifies the FUD going around the decentralization of this cryptocurrency. Schwartz mentioned Link to comment Share on other sites More sharing options...
FUD Posted March 16, 2018 Share Posted March 16, 2018 Link to comment Share on other sites More sharing options...
flanman Posted March 16, 2018 Share Posted March 16, 2018 The XRP ledger as it stands now is centralized. Link to comment Share on other sites More sharing options...
Understandsimplicity Posted March 20, 2018 Share Posted March 20, 2018 "Decentralised Virtual Currencies (a.k.a. crypto-currencies) are distributed13, open-source, math-based peer-to-peer virtual currencies that have no central administrating authority, and no central monitoring or oversight. Examples: Bitcoin; LiteCoin; and Ripple.14" "14 Apart from the initial creation and issuance of ripple coins (RXP), Ripple operates as a decentralised virtual currency. Ripple’s founders created all 100 billion ripple coins and retained 20 billion of them, with the remainder to be distributed by a separate entity, Ripple Labs. However, all transactions are verified by a decentralised computer network, using Ripple’s open source protocol, and recorded in a shared ledger that is a constantly updated database of Ripple accounts and transactions." http://www.fatf-gafi.org/media/fatf/documents/reports/Virtual-currency-key-definitions-and-potential-aml-cft-risks.pdf - Tripple Ripple - Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now