“XRP Has No Issuer”, Ripple CTO Slams Bitcoin Maxis Over XRPL Decentralisation

As the XRP vs Bitcoin debate heats up amid Trump’s crypto reserve plans, Ripple CTO David Schwartz sheds light on XRPL decentralization. In a bold statement, Schwartz stated, “XRP has no issuer.”

Ripple CTO Clarifies XRPL Decentralization: Details

In the latest development, Ripple Chief Technology Officer David Schwartz sheds new light on the decentralization aspects of the XRP Ledger. He stated that Brad Garlinghouse’s role as Ripple’s CEO doesn’t impact the decentralization of XRPL, highlighting the distinction between the company and the blockchain.

Further, Schwartz added that XRP’s unique characteristic lies in its lack of an issuer, with all tokens created at the ledger’s inception. “Unlike most other blockchains, XRPL has no rivalrous features, so the ledger itself can’t really do the initial distribution beyond letting anyone who wants to take as much XRP as they want,” added the Ripple CTO.

Notably, Schwartz’s comments came in response to UFC champion Conor McGregor’s tweet, which highlighted the growing interest in XRP and other altcoins as potential US crypto reserves. As recently reported by CoinaGape, McGregor revealed his interest in knowing more about the decentralization claims put forward by platforms like XRPL and Cardano.