Ripple is less decentralized than BTC and ETH, but that’s not necessarily bad

[o48o]

I wouldn't dare to use ripple as a store of value, but i sometimes use it if i have to transfer smaller sums between exchanges. The reason i wouldn't use it as a store of value or to move bigger amounts is because it's centralized and can be stopped.

[stephanirain]

If ripple (XRP) is bad and no real use at all, it wont stay any longer in the CMC ranking currently at number three, as we all know that most of the cryptocurrency has its own negative issues, even bitcoin and Ethereum was not spare in these negative issues that's why for me it doesn't matter if XRP is not "fully decentralized" or not decentralized all i care is XRP was useful and effective in the real world use case specially for cross border payments and overseas remittances. i'm not comparing bitcoin, ethereum to the XRP but as a cryptocurrency that contributed a lot in these industry its should be recognized accordingly.

Of all other cryptocurrencies that fall under the category of "not fully decentralized", XRP is the most useful one. Indeed, Ripple will remain in the CoinMarketCap because it is an important crypto in the market for some transactions. It did contributed a lot for small transactions and personally, using XRP is good thing for bank transactions for me.

[vicoma]

That is not the case as you have rightly said as it is making the necessary wave and has not gone beyond the top 5 for the past 3 years. If it gains more adoption in the financial sector, that will pave the way and makes it remain stronger than before.

[letyouearn]

I don't think such thing as decentralisation plays the main role in price forming here in crypto. There are many other factors which affect coin price more straightly. And Ripple shows this pretty well. XRP is centralised, so what? Look at the graph - you definitely can earn some cash here

[Duzter]

I don't think such thing as decentralisation plays the main role in price forming here in crypto. There are many other factors which affect coin price more straightly. And Ripple shows this pretty well. XRP is centralised, so what? Look at the graph - you definitely can earn some cash here

XRP is formed as a centralized platform to serve the banking industry and for other transactions support. The team holds a big volume as reserve, and this will be released to the circulation at specific time interval. This way even on a centralized functioning it is quite good to have a better market growth. At times the team manipulate the price for profiting, which shows the centralized system a flaw in cryptocurrency and this is wrong thinking.

[bbc.reporter]

This actually loled me. 

Ripple being less decentralized or more with the description of these establishments and articles, this will not replace the fact that it's a centralized coin. From the very beginning of the article, if you have understood it correctly, half of the supply is in escrow and they are always boasting the partnerships with the banks.

How it can have a part of decentralization?

Agreed! Also, what most of the people in the cryptospace do not know is when a user wants to run a node, he needs permission from Ripple for his node to become part of Ripple's unique node list to become a validator. You should not need this permission.

[iamaruf]

I admit that Ripple is a fairly well developed coin but I don't agree if Ripple is more decentralized than BTC and ETH, ok don't take BTC but ETH alone as a comparison of its development, ETH has given birth to many decentralized tokens up to now and Ripple did give birth token also but less highlighted by enthusiasts of cryptocurrency

Are you serious? You have no idea about Ripple.XRP is centralised.They are working with bank.You think Bank is centralised?  If not the how can Ripple centralized.Better to gather knowledge. Search on google "Is ripple Centralized or decentralised "             

[NathanJB]

I admit that Ripple is a fairly well developed coin but I don't agree if Ripple is more decentralized than BTC and ETH, ok don't take BTC but ETH alone as a comparison of its development, ETH has given birth to many decentralized tokens up to now and Ripple did give birth token also but less highlighted by enthusiasts of cryptocurrency

Are you serious? You have no idea about Ripple.XRP is centralised.They are working with bank.You think Bank is centralised?  If not the how can Ripple centralized.Better to gather knowledge. Search on google "Is ripple Centralized or decentralised "             

Did you make the search on Google yourself? Please tell us what you learned.

Ripple have several questionable centralized features. But it does not mean they have zero decentralized feature at all. Moreover, working with the banks do not necessarily make the project centralized. They are not the banks themselves.

This is highly debatable and different experts have their own take on whether Ripple is really decentralized or not. One thing though is that there is nothing central to shut down with Ripple.

[Kotone]

I don't think such thing as decentralisation plays the main role in price forming here in crypto. There are many other factors which affect coin price more straightly. And Ripple shows this pretty well. XRP is centralised, so what? Look at the graph - you definitely can earn some cash here

Decentralization affect everything. What would happened if all cryptos are controlled by someone now? Imagine all the chaos will disrupt on the global world. Tax impose is clearly the goal of government that's why they trying to dominately control the crypto. Satoshi's goal is to make a peer to peer transaction to avoid this. If XRP is a good coin then let them show their worth. Full of manipulations are not a good coin for me.

[hello_good_sir]

It may not be a bad thing in terms of the investment point of view - the fact is that XRP will likely experience a substantial pump if institutional investors actually were interested in investing in cryptos, simply because of the fact that XRP is probably the most integrated of all cryptos to traditional institutions.

However, in the long run, I still think that decentralization is the trend and there is no denying that.

So if long term, there is a grassroot movement towards decentralization, I doubt that XRP will be able to reap any benefits of that movement.

[Ozero]

Ripple serves the banking system and does it well. The banking system is centralized, so ripple should be the same. However, this coin is also very popular as a means of payment. Yes, this coin is special and stands out among cryptocurrencies. In order for the cryptocurrency to develop, we need exactly the diversity in development. Over the past few years, the attitude towards this coin has changed for the better and this is good.

[Rosilito]

...snip...

Pretty much this. Ripple and their coin XRP is highly centralized destroying the purpose of a cryptocurrency. The basis of decentralization i.e mining is not really present in Ripple and the way they centralize and trying to gain power in the cryptocurrency space is not really good.

Either way centralized coins like XRP and the ecosystem like Ripple doesn't have a long way to go unless the real purpose of bitcoin starts to emerge on the market. I am a Bitcoin, Ethereum and Monero supporter and so well I do hate other coins as well. All 3 of them have a purpose in the cryptocurrency space and are highly decentralized when compared to a coin like XRP. On top of that, they are gaining interest from banks which isn't really pleasing for crypto enthusiasts who does hate the centralized mechanisms of banks.

Yes, basically it destroys the main purpose of crypto. Though it has own flaws we still couldn't deny the fact that bitcoin, ethereum or even monero has its own negativity. But at least these mentioned crypto are all performing well in the market. I couldn't say more as the answer would more subjective, because in the end, choosing among the crypto currencies still depends on the individual's preference, and the benefits of the crypto has to offer that surely will fit to benefit them the most.

[livingfree]

This actually loled me.  

Ripple being less decentralized or more with the description of these establishments and articles, this will not replace the fact that it's a centralized coin. From the very beginning of the article, if you have understood it correctly, half of the supply is in escrow and they are always boasting the partnerships with the banks.

How it can have a part of decentralization?

Agreed! Also, what most of the people in the cryptospace do not know is when a user wants to run a node, he needs permission from Ripple for his node to become part of Ripple's unique node list to become a validator. You should not need this permission.

They are requiring it because they are centralized.

It's not debatable if it's about them being centralized. I don't understand why it's being described as "less" decentralized but the fact is that they really are centralized. I also saw a whale report that a huge amount of XRP from escrow wallet was transferred. Just saying, and what could be next? 

[Diamond_Darrell]

I don’t understand what you care about decentralization of this or that token / coin when it comes to generating income. What is the point of decentralization? If a decentralized asset is sold and bought for money, then it becomes very centralized and manageable) and if so, it is predictable (which certainly makes smart people richer). I remember a holiwar because of the centralization of XRP in early 2017. But the price increase calmed the hot heads

[kindbtc]

Although ripple has both hardcore suplorters and bashers as well, i personally place myself as a neutral person among the ripple community and i think whatever the speculation and criticism there is in the end ripple is going to breakout and make its move that could be bigger than ever because i think at this point xrp is undervalued and is just in its accumulation phase ready for big run.

[Heisenberg_Hunter]

...snip...

Bitcoin, ethereum and monero has far little and almost no flaws when compared with these shitcoins and they are decentralized to an extent and can be worked even better with advancement to destroy these useless alts miserably. You can call me a bitcoin shill but I can always talk positively about bitcoin and other two major currencies and can trash other useless currencies.

Bitcoin has higher confirmation times but they can be eradicated in future with the better development and usage of lightning network and probably developers do come up with additional tech as well. Similarly monero is highly decentralized and is a privacy centric coin which can have major breakthroughs in dark web marketplaces. Ethereum functions like a world computer and companies can use them to create their own blockchain based tokens.

Individuals who are quite newbies or doesn't really know the purpose of these three would be moving for other currencies and many of these alt/shitcoin traders look for get-rich-quick ponzi schemes. Bitcoin was created to counter physical/government backed currencies, Ethereum was created for promoting blockchain to a greater extent and none were created to trade.

[FLHippy]

I do not see the biggest problem in a centralization, thanks to centralization they can provide much faster transactions (high TPS). But the problem is in a big supply and in a big inflation rate - team continously unlocking new and new coins.

[Mianae]

Ripple is centralized there's nothing as less decentralized. Ripple is being controlled and mi Ted. Y group of persons whom has the highest amount of Xrp stored in their wallets. Let's  Xrp what it is a centralized token.

[bbc.reporter]

I do not see the biggest problem in a centralization, thanks to centralization they can provide much faster transactions (high TPS). But the problem is in a big supply and in a big inflation rate - team continously unlocking new and new coins.

However, centralization is not the problem. The problem is in Ripple promoting their platform as decentralized but it is not. Would this not make it appear like a scam?

[JessicaVL]

Ripple is a company issued cryptocurrency. So "less decentralization" is an understatement. Ripple is not at all decentralized! They are actively working with few banks like Kotak Mahindra, Indusind, Santander etc. And they claim to have around 300 clients from mainstream financial sector. They can't be decentralized and serving Banks at the same time for money transmission activities!

But yes, Ripple is a well developed coin. The company is actually trying their best to partner with real world businesses which can bring revenues to the company. So the future of Ripple is good and I have no doubt about it! But it's just not decentralized!

Agreed, Ripple has a lot of potential. I also appreciate that the company, despite its centralization, is catering to the mainstream masses (through corporates). By making their digital asset applicable to the banking system, they're really a few steps ahead. As soon as big corporates appreciate the power of crypto, I think its all systems go for mass adoption, XRP and otherwise.