ether ETH/USD co-founder Vitalik Buterin questions the decentralization of Ripple’s XRP XRP/USDand claimed it was “completely centralized”.
What happened?: In response to Buterin’s comments, Ripple’s Chief Technology Officer David Black took to Twitter to criticize him for not seeing the difference between Ripple and XRP.
Schwartz tweeted that Buterin “still doesn’t understand or pretends not to understand that Ripple is a company and XRP is a digital asset.”
Buterin pointed out in an interview with Bankless that XRP has not apologized for writing to the US government and claiming this Bitcoin BTC/USD and ether ETH/USD were Chinese-controlled assets.
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This isn’t the first time Buterin has come under scrutiny from the XRP community. In 2020, he raised concerns that Ripple’s claims of Chinese control over Ethereum could potentially cause XRP to lose its safe haven status in the crypto space.
Ripple is a cutting-edge crypto payments company that leverages blockchain technology to provide secure, cost-effective solutions for institutions. XRP is the native cryptocurrency of the XRP Ledger (XRPL) network, according to its website it is “based on an inherently decentralized, democratic consensus mechanism – which no party can control”.
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