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What about Ripple goes against their current Framework? Don't know much about Ripple...
by iMuzz 9y ago
What about Ripple goes against their current Framework?
Don't know much about Ripple...
- anonova 9y agoTo name a few: * "1.1.4 Decentralization" Ripple controls what nodes are used on their network (validators). Can you run a validator? Sure, but note that Ripple, and thus the network, aren't going to use it anyway [validator]: > At present, Ripple (the company) cannot recommend any validators aside from the 5 core validators run by Ripple As I mentioned in another comment tree, this is a distributed network, not a decentralized one. [validator]: https://ripple.com/build/rippled-setup/ https://ripple.com/build/rippled-setup/ [registry]: https://ripple.com/dev-blog/validator-registry/ https://ripple.com/dev-blog/validator-registry/ * "6.1.2 Token Utility" XRP current has no useful use cases. Institutions experimenting with Ripple are not using the public network but their own private RippleNet, which does not use XRP tokens [ripplenet]. [ripplenet]: https://ripple.com/files/ripplenet_brochure.pdf https://ripple.com/files/ripplenet_brochure.pdf * "6.2.3 Team Ownership: The team stake retained by the team is a minority scale." Currently, 38 of the 100 billion total XRP is in circulation [marketcap]. The developers were "gifted" 80% of all XRP upon its creation [distribution]. Ripple and its owners still hold the majority of all XRP. [marketcap]: https://coinmarketcap.com/currencies/ripple/ https://coinmarketcap.com/currencies/ripple/ [distribution]: https://web.archive.org/web/20150806120942/https://www.ripplelabs.com/xrp-distribution/ https://web.archive.org/web/20150806120942/https://www.rippl...