The post Ripple Doesn’t Control XRP? John Deaton Says It’s Decentralized appeared first on Coinpedia Fintech News
As the United States moves forward with clearer cryptocurrency regulations, one of the most debated topics — Is XRP centralized? — is finally finding resolution. Many critics have long argued that Ripple’s control over a large portion of XRP supply makes it centralized. But recent legal outcomes and technical facts prove otherwise.
Why People Think XRP Is Centralized
The confusion largely stems from Ripple holding around 40% of the total XRP supply. This has led many to believe Ripple controls the network. But this is a misunderstanding of how XRP works.
On June 26, prominent crypto attorney John E. Deaton addressed this on X (formerly Twitter), stating:
“75K XRP holders from 143 countries around the globe is pretty darn decentralized to me. People often conflate the token of the network with the network itself.”
He clarified that owning a large
We współpracy z: https://coinpedia.org/news/ripple-doesnt-control-xrp-john-deaton-says-its-decentralized/
