• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, June 15, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Vitalik Buterin calls XRP ‘centralized’, Ripple CTO replies

by Reshab Agarwal
December 21, 2022
in Crypto, News
Reading Time: 2 mins read
0
Vitalik Buterin

Vitalik Buterin

TwitterWhatsappLinkedin

There has always been a big debate on the decentralization of cryptocurrencies. Even though many projects claim they are decentralized, the reality is much different. Therefore, whenever such a topic sparkles for any crypto, it takes a hit. This is why Vitalik Buterin’s recent comment, where he calls XRP ‘completely centralized’, is critical. He said this in a recent interview with Bankless.

You might also like

Gavin Newsom Accuses Trump Administration of Spreading Fake Protest Images

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

Vitalik Buterin on XRP

The co-founder of Ethereum was already pissed at XRP for calling Bitcoin and Ethereum Chinese-controlled assets. So, he also made some comments. According to Vitalik, any crypto project should use a chain data structure which XRP doesn’t. Calling XRP still centralized came to the attention of Ripple’s CTO. He said that Vitalik seems not to understand the difference between XRP, a digital asset, and Ripple, a company. Or, it’s quite plausible that he is just pretending not to.

Vitalik Buterin calls XRP 'centralized', Ripple CTO replies
Vitalik Buterin

Vitalik also has his reasons for making such strong comments on XRP. That’s because XRP has also made some shrewd comments on Ethereum being controlled by China, which is indirectly saying that it is centralized. They also claimed that Ethereum got preferred by the SEC due to this reason. Vitalik said that the crypto community should not protect XRP after they made this statement.

Is Vitalik actually correct about this?

Ripple, the blockchain company that is behind XRP does hold a lot of its tokens. However, their holdings are less than 50% of the total supply. Plus, they also control only 4 of the 130 validators behind XRP. This shows that even though they have influence over XRP, it is not completely centralized. The company also clears that every validator has a vote on what happens with XRP despite the number of tokens they are holdings. So, more tokens don’t mean more power. XRP is based on the XRPL network, which is decentralized and has a democratic consensus mechanism.


Due to Vitalik’s popularity, his comments are definitely going to hurt the XRP token. Let’s see if there are any further comments made by the co-founder of Ethereum and Ripple authorities on this topic.

Why do you think Vitalik Buterin calls XRP ‘centralized’? Does he really believe it or not is yet another question? Let us know in the comments below. And, if you found our content informative, share it with your family and friends.

Also Read: Vitalik Buterin reveals 3 major opportunities in the crypto space in 2023.

Tags: #Vitalik_Buterin#XRPcomments
Tweet54SendShare15
Previous Post

SBF is flying to the US from the Bahamas to face criminal charges

Next Post

Apple MacBook Pro and iMac with M3 chip expected to launch in 2023

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Gavin Newsom Accuses Trump Administration of Spreading Fake Protest Images

by Anochie Esther
June 15, 2025
0
Trump

California Governor Gavin Newsom has accused the Trump administration and the U.S. Department of Defense (DoD) of spreading disinformation in an alleged attempt to justify the military deployment...

Read more

India Considers Grounding Boeing 787-8 Fleet After Ahmedabad Tragedy

by Anochie Esther
June 15, 2025
0
Boeing 787-8

India’s civil aviation sector is in mourning following one of its deadliest air disasters in recent history. An Air India Boeing 787-8 Dreamliner en route to London’s Gatwick...

Read more

Boeing Lays Off 180 Engineers in Bengaluru Amid Global Restructuring Drive

by Anochie Esther
June 15, 2025
0
Boeing

In a significant development that reflects the ongoing turmoil within the global aerospace industry, Boeing has laid off up to 180 engineers from its India operations as part...

Read more
Next Post
Apple MacBook Pro and iMac with M3 chip expected to launch in 2023

Apple MacBook Pro and iMac with M3 chip expected to launch in 2023

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?