Here’s Why the Old Arguments About XRP’s Centralization Are Fading Away
- XRP’s validator network remains decentralized despite Ripple’s token concentration
- U.S. states and federal bodies align crypto policy with financial innovation goals
- Global institutions and banks increasingly adopt XRP for cross-border transactions
As the United States pushes forward to become the global leader in digital assets, new developments are shaping a national crypto strategy. Driven by a renewed political interest and a tech-savvy voter base, blockchain policy is evolving rapidly. A major focus has been XRP, a digital asset often misunderstood due to its token distribution.
As highlighted by attorney John E Deaton many critics argue Ripple’s holdings of 40% make the network centralized. However, the broader picture tells a different story.
XRP Centralized, Or Is It?
Deaton and other experts argue this confuses token concentration with network control. Significantly, over 75,000 XRP holders from 143 countries have united to support Ripple in its legal battle with the SEC. This wide global participation proves XRP with a highly decentralized user base.
Related: Ripple Co-Founder Arthur Britto Ends 14-Year Silence With Cryptic Post; XR…
The post Here’s Why the Old Arguments About XRP’s Centralization Are Fading Away appeared first on Coin Edition.
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Here’s Why the Old Arguments About XRP’s Centralization Are Fading Away
- XRP’s validator network remains decentralized despite Ripple’s token concentration
- U.S. states and federal bodies align crypto policy with financial innovation goals
- Global institutions and banks increasingly adopt XRP for cross-border transactions
As the United States pushes forward to become the global leader in digital assets, new developments are shaping a national crypto strategy. Driven by a renewed political interest and a tech-savvy voter base, blockchain policy is evolving rapidly. A major focus has been XRP, a digital asset often misunderstood due to its token distribution.
As highlighted by attorney John E Deaton many critics argue Ripple’s holdings of 40% make the network centralized. However, the broader picture tells a different story.
XRP Centralized, Or Is It?
Deaton and other experts argue this confuses token concentration with network control. Significantly, over 75,000 XRP holders from 143 countries have united to support Ripple in its legal battle with the SEC. This wide global participation proves XRP with a highly decentralized user base.
Related: Ripple Co-Founder Arthur Britto Ends 14-Year Silence With Cryptic Post; XR…
The post Here’s Why the Old Arguments About XRP’s Centralization Are Fading Away appeared first on Coin Edition.
Read More
SEC vs Ripple: Agency Files Status Report to Confirm XRP Case Closure