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Ripple CTO David Schwartz recently addressed the ongoing debates surrounding the decentralization of the XRP Ledger (XRPL), shedding light on the platform’s design and its role in the crypto market. Schwartz’s comments came amid growing discussions on the future of Bitcoin and XRP, particularly regarding their scalability and trustless bridging solutions. His statements have reignited the debate over whether XRPL is truly decentralized or still relies on centralized elements. Schwartz revealed that one of the initial purposes of XRPL was to facilitate faster and more cost-effective Bitcoin transactions. However, he also pointed out a major limitation in this early use case, the necessity of custodians to hold the actual Bitcoin. This raised concerns over trust issues, as custodial solutions counter the decentralization principles central to blockchain technology. Consider any realistic hypothetical: Some large contingent of XRPL users and developers want to add privacy features to XRPL that Ripple thinks will harm its business interests. What will happen? Do you think you know because I don't. — David "JoelKatz" Schwartz (@JoelKatz) February 19, 2025 He emphasized that while custodians can speed up Bitcoin transactions, they introduce centralized elements that undermine the core ideals of trustlessness. The Ripple CTO stressed the need for a solution to provide fast, cheap, and trustless bridging between assets like Bitcoin and XRP, which remains an ongoing challenge in the crypto market. Schwartz’s commentary didn’t stop at technical challenges. He also highlighted the uncertainty surrounding decentralization in any blockchain network. In a thought-provoking tweet, Schwartz posed a fictive scenario where many XRPL users wanted to add privacy features that could conflict with Ripple’s business interests. He noted that Ripple, while a key contributor to XRPL, does not have the power to enforce changes independently and must instead rely on persuasion. This raises questions about how decentralized the decision-making process is within the XRPL ecosystem. However, while Ripple plays a major role, it must persuade other network participants to agree on proposed changes. Schwartz clarified that Ripple would not directly control the network but instead aim to convince the community that certain features benefit everyone. In response to concerns about the system’s centralization, Schwartz provided insight into the XRP Ledger’s validation and consensus process. He explained that a certain level of scarcity among validators is necessary to address the double-spend problem. As reported in our previous post, the XRP Ledger is designed with decentralization in mind. Any changes that affect transaction processing or consensus require approval from 80% of the network. Despite Ripple’s involvement in the network, it operates with over 150 validators, and Ripple runs only one of these nodes. According to a CNF report , the Ripple CTO also addressed the ongoing debate over Bitcoin and XRP’s value and utility. Schwartz stated that Bitcoin’s value is largely driven by speculation, and its worth increases as people speculate on its future price. While he acknowledged Bitcoin’s role in the financial ecosystem, he argued that its value doesn’t come from scarcity. On the other hand, XRP’s supply is much larger, with 100 billion tokens available compared to Bitcoin’s 21 million. Schwartz dismissed comparisons based solely on numbers, emphasizing that such arguments lack context. However, he conceded that Bitcoin could benefit from innovations like the Lightning Network, which may improve its payment usefulness. The recent market activity surrounding XRP shows some price fluctuations. XRP is currently priced at $2.59 and has recorded a decline of 0.52% in the past 24 hours. However, trading has recorded an increase of 6%, sitting at $5.13 billion. Despite price volatility, XRP maintains a market cap of $149.86 billion, with a fully diluted valuation of $259.2 billion.

It's Hmstr version 2 .. many people mining this but now no usecase ..

I do think about the people currently selling PI at it's peak without realizing what the real power of PI is. Let's see what have you seen in the past then present and later a discussion for the future. Some people exaggerated PI to be nothing but a pile of digital assets while others seek an advantage. Which Category do you fall in? The adventurers or the rumorees? I stand in the adventurer looking out for the oppurtunity we all've been promised. Firstly, let's discuss about the past, Bitcoin - Ethereum - Litecoin - Doge The pioneers of all digital crypto assets, I've enjoyed all. Did you? Bitcoin - The most powerful coin emerging as the founder. Ethereum - A co-founder coin but on a longer run stopped the strategy of Bitcoin amd is still persistant with little hike in price. Litecoin - An asset introduced with a lowest value of it's time Still proving to be a good asset. Doge - Meme Coin which is the mind bogling coins. Introduced and fell asleep letting everyone think, it won't rise again. These are the pioneers introduction. Now, let's move towards the present situation of making up a mind about crypto. With an increasing count on daily basis, Meme coin puts a new Idea of introducinga single value once sold cannot move up for a long long time. Bitcoin - Being a mineable currency does not have the exact value of coin floating around the globe but is still progessing, ever compared it with others? No, you should have as PI emerges to be another Independant chain with mineable metrics and halving as bitcoin. For future aspects, there's a heavy chancethat it'll boom straight forwardly as new coin emerged the market and price fluctuation is huge, As trading continues plus the mining continues, Feel free to enjoy the boom in the nearest future so to ensure the fact realize th present and save for the future. PI Soon is A PI Moon #PI #PI+Value

Alot of people blow their accounts due to this shit coin i told you guyz if price go up after 4.60$ then 10000% its a shit scam coin . Before place a short a position i set my stop loss above 5$ thats why im not sad then i see price touch 9$ and dump to 8$ i opened a short position real quick i made almost 2000% profit within 5 mins. Never loss hope everyone remember you are in trillions $ market. If you win another one lose another one lose you win thats it

People really thought they would get rich with that Kaito aidrop