'Far too centralized': ripple and $XRP smashed by seasoned analyst Justin_Bons Ripple
Analyst Justin Bons, a cryptocurrency veteran and head of the oldest European blockchain fund Cyber Capital, explains why decentralization narratives do not work for XRP Ledger.Mr. Bons has taken to Twitter to share that XRP Ledger blockchain is not permissionless, as it relies on a permissioned ecosystem of nodes selected by centralized entities or individuals.
As per Mr. Hamilton, XRP Ledger's version of PoA represents the same type of social contract as the one used by all first-gen blockchains, including Bitcoin and its forks.The two opponents disagreed about the role of XRPL Foundation's Unique Node List , i.e., its set of active XRP transaction validators.
Mr. Bons highlighted that validation power on XRP Ledger is only controlled by members of the"official" UNL. Meanwhile, in October 2022, XRPL Foundation, the nonprofit that oversees XRPL's development, stressed that two Ripple-associated validators were removed from UNL.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
TIDEFI Crypto Exchange Inks Partnership with ATH VodkaTIDEFI, novel decentralized cryptocurrency exchange, shares details of its partnership with premium vodka brand
Weiterlesen »
Providing Decentralized Insurance Services Worldwide with Hybrid Contracts | HackerNoonIn this piece, the CTO of Etherisc discusses the central role that hybrid smart contracts and oracles play in enabling parametric insurance products on-chain - decentralized smartcontracts
Weiterlesen »
Top-five most Googled cryptocurrencies worldwide in 2022Bitcoin leads altcoins in becoming the most searched cryptocurrency in 2022, thanks to its decentralized status.
Weiterlesen »
Charlie Cox shares new details about Daredevil: Born AgainIn a recent interview, Charlie Cox shared some interesting new details about Marvel's upcoming series, Daredevil: Born Again.
Weiterlesen »
Possible Tesla bounce good for a trade, but not an investment, says technical analystA potential bounce for beaten-down Tesla Inc. shares could be worthwhile for short-term traders, says a widely followed technical analyst.
Weiterlesen »
Micron's recovery from 'worst memory downturn in 13 years' will take time, analyst saysMicron Technology Inc.'s results and outlook show the memory-chip market is probably at its worst downturn in 13 years and analysts expect the bounce back...
Weiterlesen »