XRP Ledger Is More Decentralized Than Bitcoin (BTC) Blockchain, Ripple CEO Thinks
A couple of days ago, Ripple CEO Brad Garlinghouse spoke at the TechCrunch conference about Bitcoin (BTC) blockchain and the XRP Ledger. According to Brad, the XRP Ledger is more decentralized than Bitcoin (BTC), and the crypto community’s idea that Ripple can freeze XRP (XRP) transaction whenever it wants and then relaunch them is just a misconception.
The conference, hosted by Mike Butcher from the TechCrunch, aimed at Bitcoin (BTC), Satoshi Nakamoto, and XRP Ledger. Mike opened up the debate by saying that the mysterious character that is Satoshi Nakamoto “imagined a completely decentralized world within the Bitcoin blockchain,” but Bitcoin (BTC) blockchain need constant mining to release new coins.
Mike continued by stating that the concept of mining upon which rely coins like Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and others is entirely different from what Ripple offers with its XRP (XRP) and XRP Ledger.
XRP Ledger is more decentralized than the Bitcoin (BTC) blockchain says Ripple CEO, Brad Garlinghouse
Mike Butcher said that “apparently libertarians to this day, rail against Ripple and XRP and anyone who deal with them, including Arrington XRP. So Brad, some of these libertarians, some of them, actually, literally, called you the devil, Lucifer.”
After saying that he is not at all the “devil” in the cryptocurrencies industry, Brad Garlinghouse, provoked by Michael Arrington to prove its affirmation, said the following:
“If you want to revolutionize the way payments work, if you really want to revolutionize the way transactions work in this regard, it’s not gonna happen by everybody giving up their existing infrastructure and just switching to something new as much as I am actually a bowl on Bitcoin (BTC). The Bitcoin (BTC) blockchain is not going to be one ledger to rule them all,” explained Ripple CEO.
As regarding the Bitcoin (BTC) blockchain and XRP Ledger, Brad Garlinghouse said that “miners control 50% of the [Bitcoin (BTC) blockchain], by any measure, the XRP Ledger is more decentralized than the Bitcoin (BTC) blockchain.”
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.