$XRP

XRP

2.9822

+1.67%

Answer from the official source: No.

In a recent interview with Decrypt, David Schwartz, CTO of Ripple and co-founder of the XRP Ledger network, denied the recurring rumor that Ripple has hidden power or a "backdoor" that would enable it to control the network.

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🧠 Key points Schwartz made:

🔹 Ripple does not control the network:

> "We are major contributors to the ecosystem, yes. But it is not in our interest to control or impose control over the network."

🔹 No backdoor:

The XRP Ledger code is open source and does not include any secret mechanism that would allow Ripple to censor transactions or unilaterally change the system.

🔹 Ripple cannot stop transactions:

> "Ripple has never stopped a transaction, and if it had, it would have been made public."

🔹 System changes require the approval of 80% of participants.

Any change to the way transactions are processed within the network must be approved by 80% of the nodes participating in the network—not just Ripple.