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Ethereum (
$2,392.36 ) (ETH) co-founder Vitalik Buterin in a Dec. 19 interview with Bankless, said Ripple’s XRP (
$1.31 ) “was still completely centralized.”
According to Buterin, for a project to have itself as part of the crypto space, it needs to use cryptography and have “some kind of chain data structure somewhere.”
He added that XRP ( $1.31 ) hasn’t apologized for writing the U.S. government that Bitcoin (
$81,412.00 ) (BTC) and Ethereum ( $2,392.36 ) were Chinese-controlled assets.
“ XRP ( $1.31 ) has not apologized for claiming that Bitcoin ( $81,412.00 ) and Ethereum ( $2,392.36 ) are Chinese-controlled.”
Ripple CTO reacts
In response, Ripple chief technology officer David Schwartz criticized Buterin for not knowing the difference between Ripple and XRP ( $1.31 ) .
Schwartz tweeted that Buterin “still doesn’t understand, or is pretending not to understand, that Ripple is a company and XRP ( $1.31 ) is a digital asset.”
Meanwhile, this is not the first time that Buterin will draw the ire of the XRP ( $1.31 ) community. Earlier this year, he said XRP ( $1.31 ) had lost its right to protection from the crypto community because Ripple claimed China controlled Ethereum ( $2,392.36 ) .
Ripple’s community alleged that Ethereum ( $2,392.36 ) got a free pass from the Securities and Exchange Commission(SEC) because of corruption.
Is Buterin’s centralization claims right?
The relationship between XRP ( $1.31 ) and Ripple has led to continued allegations from the crypto community that the digital asset is centralized.
While Ripple is a crypto payment company focused on blockchain technology for institutions, XRP ( $1.31 ) is the native cryptocurrency of the XRP ( $1.31 ) Ledger ( XRP ( $1.31 ) L) network. According to its website, XRP ( $1.31 ) L is “based on an inherently decentralized, democratic, consensus mechanism — which no one party can control.”
Available information also shows that Ripple controls only 4 of the over 130 validators running XRP ( $1.31 ) L.
Critics also tend to point out that Ripple holds most of the XRP ( $1.31 ) token. However, its recent report stated that the firm’s XRP ( $1.31 ) holdings have declined below 50% of its total supply. The firm added that each validator on its network “gets one vote regardless of how much XRP ( $1.31 ) they own.”
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