The problem with people like that is they only think in terms of centralized applications. That is the complaint about Ripple (one of them).
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The problem with people like that is they only think in terms of centralized applications. That is the complaint about Ripple (one of them).
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Wasn't Ripple made by banks for banks? I remember hearing about Ripple back in the days when Dogecoin was "only" a literal joke coin and 1 BTC was worth as much as 1 SAFEMOON.
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The Ripple is said to be centralized because of its default list of validators and a Large pre-mined XRP supply. It's faster and cheaper than Bitcoin though.
Bitcoin is still truly a public network while Ripple is operated by Ripple Labs or something.
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So Ripple is centralized like Ethereum.
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Ethereum is quite decentralized now. Maybe next after Cardano or Bitcoin.
Once it completely moves to POS, will become more decentralized.
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Ah, OK. That's good to know. Thanks for the clarification.
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Yes T. That's a problem. Instead of using algorithmic stablecoins, they will use currency-backed ones. Not focusing upon decentralization but providing a cheaper and faster way to transact. I wish they use decentralized stablecoins too in the future.
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