Ripple CTO Confirms XRP Has No Issuer and Discusses Decentralization Factors
David Schwartz, CTO of Ripple Labs, addressed concerns regarding XRP's decentralization. He stated that "XRP has no issuer," clarifying that all coins were created at the ledger's inception and that Ripple only distributes XRP.
Key Points on Decentralization
- The debate over who controls XRP continues, with skepticism about Ripple's leadership role.
- A user questioned XRP's decentralization due to Garlinghouse's prominence and Ripple's issuing role.
- Schwartz emphasized evaluating decentralization based on outcomes like reliability and control prevention.
- XRP Ledger lacks competing features, reducing the risk of central manipulation.
- He encouraged the community to reflect on what decentralization means to them.
Decentralization in Ethereum L2 Solutions
Ethereum co-founder Vitalik Buterin noted the challenges in achieving decentralization in blockchain scaling. The Base network, developed by Coinbase Global Inc., is advancing towards decentralization by implementing a permissionless fault-proof solution. This system allows anyone to propose or challenge network claims, enhancing security and reducing centralized control.
The level of decentralization may influence the future dominance of Layer-1 chains.