XRP Faces Fresh Centralization Allegations
Cyber Capital founder Justin Bons (@Justin_Bons) has accused $XRP advocates of misleading retail investors about the network’s decentralization.
He claims a closed-source update and permissioned validator lists raise serious concerns about who controls the XRP Ledger.
Bons claims Ripple and the XRP Ledger Foundation hold significant influence through their published validator lists.
"XRP is clearly based on a PoA (Proof of Authority) system where all power is derived from the "kingmakers": The creators of the two permissioned lists (Ripple & The XRP Ledger Foundation)," Bons noted.
#BitcoinReboundsTo$83K
#EthereumLiquidationsHit$356M
#BitcoinETFsSee$244MNetOutflows
#EthereumSurpasses$2500
#ReusedBitcoinAddressesHold4.33MBTC
$XRP
Cyber Capital founder Justin Bons (@Justin_Bons) has accused $XRP advocates of misleading retail investors about the network’s decentralization.
He claims a closed-source update and permissioned validator lists raise serious concerns about who controls the XRP Ledger.
Bons claims Ripple and the XRP Ledger Foundation hold significant influence through their published validator lists.
"XRP is clearly based on a PoA (Proof of Authority) system where all power is derived from the "kingmakers": The creators of the two permissioned lists (Ripple & The XRP Ledger Foundation)," Bons noted.
#BitcoinReboundsTo$83K
#EthereumLiquidationsHit$356M
#BitcoinETFsSee$244MNetOutflows
#EthereumSurpasses$2500
#ReusedBitcoinAddressesHold4.33MBTC
$XRP