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Ripple CTO defends the decentralized nature of XRPL: XRP has no issuer.
Gate News bot message, fueled by Trump's encryption currency reserve plan, the community's debate about XRP and Bitcoin is intensifying.
In the latest developments, Ripple's Chief Technology Officer David Schwartz provided new insights on the decentralized features of the XRP Ledger. He stated that Brad Garlinghouse's role as Ripple's CEO would not affect the decentralization of XRP, highlighting the distinction between the company and the blockchain.
In addition, Schwartz added that the uniqueness of XRP lies in the fact that it has no issuer, and all tokens were created when the XRP Ledger was established. "Unlike most other blockchains, XRP does not have competitive features, so the chain itself cannot perform an initial distribution and can only allow anyone who wants to extract XRP to do so freely," he added.
It is worth noting that Schwartz's comments were a response to UFC champion Conor McGregor's post, who has shown increasing interest in XRP and other altcoins as potential US Crypto Assets reserves. McGregor expressed interest in learning more about the decentralized claims put forward by platforms like XRPL and Cardano.
Source: CoinGape