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XRP

Ripple's Decentralization Confirmed as Company Supports Only 1% of Validators

Ripple's Chief Technology Officer, David Schwartz, confirmed that the company has no 'secret access' to the XRP Ledger (XRPL), underscoring its fully decentralized nature. Critics have long pointed to the relatively small number of validators, currently 187, as a potential vulnerability or point of centralization. However, Ripple only supports a single validator out of the 35 most significant, representing less than 1% of the entire network. Major protocol changes require approval from 80% of participants, reinforcing democratic governance within the network.

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AI Analysis

David Schwartz's statement aims to dispel concerns about centralization stemming from Ripple's influence over the XRP Ledger. While the total number of validators is relatively small, the governance s...

AI Recommendation

For investors and stakeholders in XRP, this statement by Ripple's CTO is a positive indicator of the network's decentralization efforts. However, continuous monitoring of validator support and governa...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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