As reported by Ethereum World News in August, David Schwartz, the chief technology officer at Ripple Labs, a San Francisco-headquartered fintech startup with a focus on decentralized ledgers and digital assets, took to his firm’s blog to touch on a pertinent subject matter. In a post, he claimed that the XRP Ledger, an ecosystem that Ripple builds on top of, is decentralized through and through, contradicting sentiment from its skeptics.
In a recent episode of “Ripple Drop” from the fintech upstart, Schwartz doubled-down on this thesis, telling thousands of viewers about XRP’s decentralization in a candid conversation.
Speaking to an interviewer, Schwartz, a programmer & cryptographer with two decades in the business and a key mind behind the creation of Ripple’s go-to ledger, remarked that over 2018, he saw a monumental increase in the decentralization of XRP. The Ripple C-Suite member even noted that the ledger in question is “even more decentralized than either Bitcoin or Ethereum,” noting that XRP is “operationally decentralized” in ways that other cryptocurrencies cannot be.