#SOLETFsOnTheHorizon
The debate surrounding Ripple, XRP Ledger (XRPL) and the possibility of XRP’s inclusion in a U.S. crypto reserve shows no signs of slowing down. The conversation, already charged with competing ideologies, took another turn when accusations of centralization were raised against Ripple.
Some within the crypto community, particularly Bitcoin supporters, remain skeptical of XRP's structure, with prominent voices questioning Ripple’s role and influence.
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One of the loudest critics is Pierre Rochard, VP of Research at Riot Platforms, a major Bitcoin mining firm. He has argued that Ripple could theoretically fork the XRPL software, alter escrow locks, or even introduce trillions moreXRP into the supply.
For him, the control Ripple allegedly holds undermines any claims of decentralization and creates vulnerabilities in the ecosystem.
Schwartz explains
David Schwartz, Ripple’s chief technology officer, took the opportunity to push back. His explanation of how XRPL works painted a very different picture — one where decentralization isn’t just theoretical but a functional reality.
Schwartz outlined that XRPL relies on a consensus algorithm, not proof of work, to ensure agreement on transactions. Unlike Bitcoin mining, XRPL validators are not compensated, reducing incentives to behave dishonestly or control the system.
For about the 400th time, for anyone who doesn't understand what validators do:XRPL actually has a consensus algorithm that actually reaches an agreed consensus. About every five seconds, every node participates in a process to decide how to resolve the double spend problem for…
— David "JoelKatz" Schwartz (@JoelKatz) January 26, 2025
Ripple’s CTO also addressed fears about forks and supply manipulation. While anyone can propose changes to XRPL, Schwartz argued, the system’s decentralized structure prevents unilateral action. Validators must reach agreement to adopt any changes, making it highly unlikely thatRipple, or anyone else, could enforce drastic modifications.
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