In a recent statement, David Schwartz, Ripple's CTO, addressed the allegations of centralization in the governance of the XRP Ledger, describing it as a decentralized platform with over 100 independent validators.
David Schwartz's Response to Centralization Claims
David Schwartz noted that XRPL consists of over 100 validators and more than 1,000 nodes, the majority of which are operated independently from Ripple. He emphasized that this creates a decentralized structure, positively affecting the resilience of the network.
Transparency and Decentralization of XRPL
Schwartz also compared XRPL's governance to Bitcoin and Ethereum models, noting that the achieved transparency and decentralization can contribute to a more stable market operation.
Financial and Technological Implications for XRPL
David Schwartz pointed to increasing institutional commitment to XRPL, noting that escrow mechanisms enhance transparency, while trustlines facilitate the use of XRP without significant holdings. Future technological development may mean increased interoperability and improvements in micropayment areas.
Schwartz continues to emphasize the importance of XRPL as an infrastructure-grade asset with growth potential and increased decentralization, based on institutional confidence.
