David Schwartz has refuted Justin Bons’ XRP centralization allegation.
Schwartz accused Bons of focusing on irrelevant matters.
The Ripple CTO says the validators’ influence on XRP is limited.
Ripple CTO David Schwartz refuted accusations from Cyber Capital founder Justin Bons. Bons alleged Ripple misled retail investors by not being truthful about XRP’s decentralization. He said the Ripple Foundation has total control over the network, making it centralized and permissioned.
https://twitter.com/JoelKatz/status/1863810142040408508
Bons made his accusations in a long thread of posts on X. He pointed out parts of XRPL’s documentation and other things he thinks are important to the blockchain project’s identity. Bons said Ripple claimed XRP was more decentralized than BTC and ETH, even though it uses a Proof-of-Authority (PoA) consensus algorithm.
Read also: ‘XRP Is Centralized’: Claims El Salvador President’s Bitcoin Advisor
Schwartz Responds to the Accusations
Schwartz refuted Bons’ claims, noting the Cyber Capital founder was focused on irrelevant details. For example, Schwartz explained that the network does not compensate valid…
The post Ripple CTO Defends XRP: Slams Critics for Focusing on Trivialities appeared first on Coin Edition.
