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Isn't ripple centralized?
by reefoctopus 9y ago
Isn't ripple centralized?
- shepardrtc 9y agoA little. Transaction validation is distributed amongst validators installed at organizations across the world. I think there's around 58 or so now, but they're pushing to have a lot more. And they're eventually going to have it where none of them are controlled at all by Ripple (the company). They've listed MIT and Microsoft as organizations already running validators, as well as a number of foreign companies I've never heard of (WorldLink, Telindus-Proximus Group, Bahnhof, and AT TOKYO?). So yes, its a little more centralized than Bitcoin, but everything I read really gives me the impression that they're handling things in the right way, so as to have a balance between network performance and distributed safety, without any one person/group being able to manipulate the ledger. So there'll never be any mining farms that can throw their weight around. If anyone is really curious, do your research and I think you'll find the tech to be pretty interesting.