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Vitalik Buterin says XRP is ‘completely centralized,’ Ripple CTO reacts
- Oluwapelumi Adejumo
- 2022-12-21
- 2567
- ETH
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Summary:Buterin said XRP hasn't apologized for writing the U.S. government that Bitcoin and Ethereum were Chinese-controlled assets.
Vitalik Buterin, founder of ETH, said in an interview with Bankless on December 19 that Ripple's XRP "is still completely intensive"
According to Buterin, a project becomes a part of the real encryption space, which requires the application of cryptographic algorithms, and "there is a certain kind of chain algorithm design in one place"
He added that XRP apologized to the US government for not saying anything, saying that BTC and Ethereum were Chinese controlled properties.
"XRP does not apologize for claiming that BTC and Ethereum are controlled by China."
Ripple CTO reflects
In response, Peter Schwartz, Ripple's technical director, accused Buterin of not knowing the difference between Ripple and XRP.
Schwartz said on Twitter that Buterin "still does not understand, or pretends not to understand that Ripple is a company and XRP is a digital currency."
At the same time, this is not the first time that Buterin has caused the annoyance of XRP Street. Earlier this year, he pointed out that XRP lost the right to get maintenance from the data encryption cell because Ripple claimed that China controlled Ethereum.
Ripple's community claimed that because of corruption, Ethereum won all the free pass cards of the Foreign Stock Exchange Association (SEC).
Is Butlin's centralization right?
The relationship between XRP and Ripple causes the data encryption community to continuously accuse the digital currency of being intensive.
Ripple is a data encryption third-party payment platform dedicated to organizing blockchain applications. XRP is the original digital currency of XRP Ledger (XRPL) Internet. According to its website, XRPL "is built on the premise of an inherent mechanism of checks and balances, democratization and consensus - it is difficult for any party to control."
The information content can also be used to show that Ripple only controls 4 of 130 validators operating XRPL.
Critics also focused on emphasizing that Ripple owns the vast majority of XRP tokens. However, its recent report shows that the XRP held by the enterprise has dropped below 50% of its total supply. The enterprise added that every verifier on its Internet "can get one vote no matter how many XRPs they have"
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