Blockchain

CTO Of Ripple Says Uniswap Is Not Decentralized

06/15/2023
Bitcoin Ethereum News

Table of contents

  1. Ripple CTO blasts Uniswap v4 for being ‘open source wash’
  2. It’s honest for Ripple to be centralized
David Schwartz, Ripple’s chief technology officer, has participated in a Twitter conversation about which crypto projects in the industry are truly decentralized and which are not. He specifically commented on the well-known decentralized exchange Uniswap.

Ripple CTO blasts Uniswap v4 for being ‘open source wash’

Schwartz offered a response to the founder of rotkiapp’s tweet. According to the latter, some cryptocurrency projects “open source wash” their work while claiming to be open source and decentralized.

The tweet specifically addressed Uniswap v4, which was made available under a Business Software License (BSL). After a certain amount of time has passed since the software was released, the latter makes sure that it can become open source.

LefterisJP stated that Uniswap v4 is not open source as a result. David Schwartz made the observation that Uniswap, the original DEX, is also not decentralized.

It’s honest for Ripple to be centralized

The well-known XRP-themed account @XRPcryptowolf has confirmed that Ripple is centralized, debunking numerous attempts by numerous XRP supporters to claim the opposite. He stated that there is no truly decentralized project and that decentralization is “the biggest lie in cryptocurrency.” He tweeted, “At least Ripple is being honest about being centralized.” One of the commentators expressed disagreement, asserting that only Bitcoin is decentralized.

Source: https://www.cryptoknowmics.com/news/cto-of-ripple-says-uniswap-is-not-decentralized