You are viewing a single comment's thread from:
RE: Debate Time #1 - AKA The Knowledge Bank
I agree, they are more centralize at the current moment but they are now focusing on becoming more decentralize. Decentralization of Ripple is a process that started right at its inception and has been ongoing since then. They are diversifying the ecosystem to further increase resiliency and robustness, by
adding attested validators to unique node lists. Ripple is the only enterprise ready public blockchain at the current time which can be instantly utilize by any payment gateway.
How can it become decentralized without providing transparency as they are a permissioned network?
Yes, they are permissioned based blockchain network but still decentralization can be achieved to some extent by adding dynamic validators as they are working hard on diversification of validators by identity, location, hardware and software, in an effort to avoid the risk of a single point of failure. Even if Ripple never achieve its goal of becoming fully decentralize but thinking that without decentralization XRP holds no value is wrong and unrealistic. I think next year we’ll see significant gains in XRP as it is marketed as bank friendly blockchain.