Ripple has released a series of videos where he answer questions about decentralization and tokens XRP

in bitcoin •  7 years ago 

As part of the marketing campaign Ripple released a series of videos to which representatives of the organization give answers to questions about the creation and vision of XRP, the Internet of things, the difference between XRP and other digital assets, but most importantly: the decentralization of Ripple.

"We're excited to present a series of Ripple and XRP videos about how Ripple's journey started, what inspired the idea of the Internet of things, how Ripple sees the product, about the roadmap, and why XRP stands out as the best digital asset for payments. “

You can often hear that Ripple is a centralized currency. In rebuttal, the Chapter on cryptography David Schwartz gave some facts:

“In the system are the stakeholders, and if Ripple will be gone, nothing will prevent the system to operate in the same way as now”.

Schwartz went on to say about the release of the new XRP:

“A lot of people are concerned that Ripple may release more XRP than planned, but the Protocol doesn't provide any opportunities to say “Hey, I have all the XRP's and don't even ask where I took them.”

Transaction rules are defined and the source code of the software is open, so you cannot create XRP beyond the declared amount.” About the number of used and standby XRP:

"Ripple owns 60 billion XRP, which is about 60% of their total. 55 billion XRP are conditionally deposited and they will be issued at a billion per month.”

Plans for 2018:

"one of my top priorities is to improve the decentralization of the XRP registry. During 2018 we will add new validators and you will be able to make sure that the network has become more independent from Ripple.”

By entering into partnership agreements with 61 banks in Japan and releasing a series of introductory ripple videos make it clear that their marketing campaign will be conducted as actively as possible. This is all the more important after the sharp increase in the XRP rate, which turned out to be no less a sharp drop, in connection with which Ripple seeks not to leave any questions at the expense of its value.

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Thanks for bringing it here. A lot of people hate ripple just because some youtubers say it is devil. Ripple is really working on decentralisation. Yes, so far it is still too centralised, but things are improving. So far ripple can go without all this hard forks like bitcoin. Even today two of them were added to CMC: https://steemit.com/cryptocurrency/@cryptohumster/coinmarketcap-newcomers-review-westeros-in-crypto
Don't have any clogs like ETH and remain operational. Looking forward to more news from ripple devs.

Thanks