“XRP Has No Issuer”, Ripple CTO Slams Bitcoin Maxis Over XRPL Decentralisation

Conor McGregor’s recent tweet has reignited a long trending XRP vs Bitcoin decentralisation debate. Ripple CTO David Schwartz moments ago cleared centralisation allegations on XRP and XRPL.

Is XRP Decentralised? Ripple CTO Answers

Schwartz’s comments came in response to UFC champion Conor McGregor’s tweet, which highlighted the growing interest in XRP and other altcoins as potential US crypto reserves. As recently reported by CoinGape, McGregor revealed his interest in knowing more about the decentralisation claims put forward by platforms like XRPL and Cardano. The CTO took to twitter and answered Mcgregor and other netizens questions. When asked about XRP’s decentralisation status as compared to BTC and ETH, he said, XRP’s unique characteristic lies in its lack of an issuer, with all tokens created at the ledger’s inception. He said, quote,

“Unlike most other blockchains, XRPL has no rivalrous features, so the ledger itself can’t really do the initial distribution beyond letting anyone who wants to take as much XRP as they want,”

He also added, that Brad Garlinghouse’s role as Ripple’s CEO doesn’t impact the decentralization of XRPL, highlighting the distinction between the company and the blockchain.

Connor Mcgregor Heats Up BTC Vs XRP Decentralization Debate

The top 3 largest blockchain networks; XRP, BTC, ETF are a constant point of debate among the investors. Earlier this year, a US crypto strategic reserve was announced by president Donald Trump. While ETH and BTC made it to the list of digital assets considered for the reserve, their were few surprises as well. In a later edited tweet, three more crypto assets were added to the crypto reserve; XRP, Solana and ADA which at the time led to significant price jumps and brewed fresh debates.

Connon Mcgregor recently showed his interest in setting up an Irish Bitcoin reserve and even met El Salvador president Nayib Bukele to discuss the possibilities.  His interest has led him to United states where he intents to learn more crypto and blockchain. The former UFC champion raised his doubts on the existence of many blockchains and why only Bitcoin and Ethereum are considered as truly decentralized crypto assets.

He further, questioned President Trumps, addition of other blockchain networks like XRP , ADA and Solana, if they were not decentralised. He asked, community that why is US govt. planning to buy these assets if they are not as decentralised as Bitcoin and ethereum.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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