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XRP, a symbolic crypto of the ripple, is the subject of frontal attacks on its structure and its philosophy. Professional blockchain challenges its alleged decentralization and accuses an authoritarian drift protocol. This criticism starts the central debate in the industry: What is really decentralized blockchain? Ripple, defends its concept and claims resistance and efficiency. While the pressure rises, XRP is the core of an ideological confrontation that could redefine the criteria of acceptability in the Universe of Kryptos.
Architecture accused of centralization
Researcher Justin Bons, founder of Cyber Capital, has published a number of virulent criticisms against XRP, which he describes as ” centralized ».
According to him, the network deviates from the standards of decentralization and is based on the list of nodes approved in advance (UNL), a method that in his eyes, ” In any case, it is not comparable to the truly distributed consensus system. »»
They also argue that the absence of motivational mechanisms for validators causes the protocol not very attractive and vulnerable, which distances XRP from proven security models used by the main public blockchains.
This technical accusation revolves around several key points that are good details in their publications:
- Using the list of unique nodes (UNL): Only validators that appear on this list can participate in the block verification, which limits energy distribution;
- The absence of valuation for validators: unlike Bitcoins or Ethereum, the protor does not offer a native reward, which thus reduces incentives to contribute to network security;
- RIPPLE LABS: The current structure would allow vouchers to allow the ripple on the network;
- Proximity to evidence of authorities: good believes that the mechanism used XRP ” is more like a centralized system than a decentralized blockchain ».
In the face of these critics, the debate on the true nature of XRP intensifies, forcing the community to reconsider the way in which decentralization is defined and perceived in the infrastructure of the blockchain called ” company ».
Widespread criticism and upcoming innovation challenges
This questioning of the usefulness and structure of the XRP goes beyond the technical aspects. The famous investor Jason Calaacanis went further and described XRP as ” Centralized controlled value ».
In addition, he expresses his doubts about the possibility of one day to see the ETF based on XRP approved by US regulators. ” ETF XRP by dry upsetting “, Joking. He suggested that the XRP structure to present the basic problems with adherence to standards on the stock market.
On the next queue, the main developer XRP Ledger, Wietse Wind, acknowledged that the net was accused of some delay for its direct competitors, especially Ethereum, in terms of programming and deploying intelligent contracts.
Relies on the introduction of functions called ” Hooks »Currently in development, to provide an XRP book with capacities similar to EVM compatible blockchains. This innovation could allow XRP to fill part of its technological delay and strengthen its attraction developers.
These statements evoke contradictory perspectives. On the one hand, the increasing community pressure for better transparency and harder to match the standards of decentralized finances. On the other hand, a tangible effort by Ripple and his collaborators to develop the XRP book into a more flexible and open environment. It remains to be found whether these adjustments will be enough to persuade skeptics and ensure that XRP is a permanent place among large users. The debate is now launched and its advantages could redraw the landscape of Blockchain infrastructure.
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A graduate of the Toulouse and the Blockchain Consultant Certification certification holder and I joined the adventure of Cointribuna in 2019. I convinced of the potential of blockchain to transform many economy sectors, committing to raising awareness and informing the general public about how the ecosysty developed. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
