Ripple and XRP – Part 6: Is XRP Decentralized? (2018)

Well, what is worrying is Does centralization enable one party to determine the rules, to issue orders, and to prevent the system Can control the system, can change the system in a way that harms its users. The software is completely open source Anyone can run the server, anyone can run the verification program, and they are doing it. Exchanges are stakeholders who hold XRP and run servers to process their own transactions They are all stakeholders in the system. If Ripple disappears, nothing can stop them from continuing to operate the system as it does today. Many people worry that Ripple might create more XRP, But the agreement cannot say: Hey, I have a lot of XRP But don't ask me where they come from. Trading rules are deterministic, and the software is open source. There is no way to create XRP. Ripple currently has approximately 60 billion XRP.

This is 60% of all possible XRP. 55 billion XRP has been locked into third-party custody for 55 months, 1 billion per month. Ripple has done this to provide a certain level of supply predictability and ensure that we can hold XRP for a period of time. We have not used any XRP in a month. Just because one billion XRP is released every month does not mean that we will use them. We do not use at the end of each month will be returned to the third-party escrow, plus one month, because The escrow is exposed on the ledger, which will also provide additional transparency when people see how much XRP is returned each month When hosting to a third party. So, as I publicly stated, one of my first tasks in 2018 is to improve Decentralization of the XRP ledger. By 2018, we will add additional verification procedures You will see network landmarks that are increasingly independent of Ripple's operations. you.

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