Sign Up on MEXC“XRP Has No Issuer”, Ripple CTO Slams Bitcoin Maxis Over XRPL Decentralisation
Highlights
- David Schwartz says, "XRP has no issuer."
- Brad Garlinghouse's role as Ripple's CEO doesn't impact XRPL's decentralization.
- Conor McGregor revealed his interest in knowing more about XRPL's decentralization claims.
Conor McGregor’s recent tweet has reignited a long trending XRP vs Bitcoin decentralisation debate. Ripple CTO David Schwartz moments ago cleared centralisation allegations on XRP and XRPL.
Is XRP Decentralised? Ripple CTO Answers
Schwartz’s comments came in response to UFC champion Conor McGregor’s tweet, which highlighted the growing interest in XRP and other altcoins as potential US crypto reserves. As recently reported by CoinGape, McGregor revealed his interest in knowing more about the decentralisation claims put forward by platforms like XRPL and Cardano. The CTO took to twitter and answered Mcgregor and other netizens questions. When asked about XRP’s decentralisation status as compared to BTC and ETH, he said, XRP’s unique characteristic lies in its lack of an issuer, with all tokens created at the ledger’s inception. He said, quote,
“Unlike most other blockchains, XRPL has no rivalrous features, so the ledger itself can’t really do the initial distribution beyond letting anyone who wants to take as much XRP as they want,”
He also added, that Brad Garlinghouse’s role as Ripple’s CEO doesn’t impact the decentralization of XRPL, highlighting the distinction between the company and the blockchain.
Connor Mcgregor Heats Up BTC Vs XRP Decentralization Debate
The top 3 largest blockchain networks; XRP, BTC, ETF are a constant point of debate among the investors. Earlier this year, a US crypto strategic reserve was announced by president Donald Trump. While ETH and BTC made it to the list of digital assets considered for the reserve, their were few surprises as well. In a later edited tweet, three more crypto assets were added to the crypto reserve; XRP, Solana and ADA which at the time led to significant price jumps and brewed fresh debates.
Connon Mcgregor recently showed his interest in setting up an Irish Bitcoin reserve and even met El Salvador president Nayib Bukele to discuss the possibilities. His interest has led him to United states where he intents to learn more crypto and blockchain. The former UFC champion raised his doubts on the existence of many blockchains and why only Bitcoin and Ethereum are considered as truly decentralized crypto assets.
He further, questioned President Trumps, addition of other blockchain networks like XRP , ADA and Solana, if they were not decentralised. He asked, community that why is US govt. planning to buy these assets if they are not as decentralised as Bitcoin and ethereum.
- Expert Predicts 138% Shiba Inu Rally as SHIB Futures Listing Opens Spot ETF Path
- Bitcoin Will 200x From Here, Twenty One Capital CEO Says as BTC Breaks $117K After Fed Rate Cut
- BNB Chain Takes Lead in RWA Tokenization, Expert Sees BNB Rally to $1,300
- Grayscale’s GDLC Fund Holding SOL and ADA Gets SEC Nod for NYSE Debut
- Crypto Market Rally: Will Bitcoin Catch Up With S&P 500 Gains After Fed Rate Cut?
- Toshi Coin Gains 57% in One Day: What’s Driving the Sudden Upside?
- Shiba Inu Price Set to Soar as Exchange Reserves Dive Amid SHIB ETF Chatter
- Pepe Coin Price Prediction as Whale Moves $25M From Robinhood- Is a Breakout to $0.00002 Next?
- XRP Price Prediction as Market Longs Hit 78% amid VivoPower Treasury Expansion Launch — Is $4 Next?
- SHIB Price Forecast: Taker Buys Lead as Developers Counter Shibarium Exploit
- Solana Price Set for a 25% Jump as Open Interest Nears a $20 Billion Milestone
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
