Ethereum ETH/USD co founder Vitalik Buterin questioned the decentralization of Ripple’s XRP XRP/USDclaiming that it was “completely centralized”.
What happened: In response to Buterin’s comments, Ripple’s CTO david schwartz took to Twitter to criticize him for failing to recognize the difference between Ripple and XRP.
Schwartz tweeted that Buterin “still does not understand, or is pretending not to understand, that Ripple is a company and XRP is a digital asset.”
Buterin explained in an interview with Bankless that XRP has not apologized for writing to the US government and making this claim. Bitcoin BTC/USD And Ethereum ETH/USD were Chinese controlled properties.
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This is not the first time Buterin has faced scrutiny from the XRP community. In 2020, he expressed concern that Ripple’s claims of Chinese control over Ethereum could potentially cause XRP to lose its status as a safe-haven asset in the crypto space.
Ripple is a cutting-edge crypto payments company that leverages blockchain technology to provide secure, cost-effective solutions for institutions. XRP, the native cryptocurrency of the XRP Ledger (XRPL) network, according to its website, is “based on a built-in decentralized, democratic, consensus mechanism – which no single party can control.”