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Ripple CTO Debunks Major XRP Myths

2025-08-13 18:53:40

Ripple CTO Debunks Major XRP Myths

Main Idea

Ripple CTO David Schwartz debunks myths about Ripple's control over the XRP Ledger, emphasizing its decentralized nature and the role of the Unique Node List (UNL) in maintaining consensus.

Key Points

1. Ripple CTO David Schwartz stated that Ripple does not control the XRP Ledger, as it is a public blockchain where nodes enforce the same rules, making any transaction blocking immediately visible.

2. The Unique Node List (UNL) consists of about 33 validators to prevent consensus disruption, with changes requiring broad agreement among participants.

3. Schwartz highlighted the XRP Ledger's 'anti-robustness principle,' which ensures the network halts in case of issues, maintaining transparency and decentralization.

4. Ripple's Chief Legal Officer revealed the SEC's plans to run a node on the XRP Ledger, further proving the network's decentralized nature.

5. Schwartz addressed concerns about lost ledger data from XRP's early history, noting it occurred when XRP had no market value and only a tiny fraction of the total supply was affected.

Description

Ripple Chief Technology Officer David Schwartz has rejected the idea that Ripple has control over the XRP Ledger. Speaking in a recent interview, Schwartz explained that the network operates as a public blockchain where every node enforces the same rules, leaving no room for any single party to alter or censor transactions. “By far, the biggest misconception is that Ripple somehow controls the ledger,” he said. Ripple runs one validator on the network with no control over the entire network. Sch...

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Cryptocurrency News David Schwartz Ripple Ripple CTO XRP
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