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Ripple CEO says even he cannot control the XRP Ledger

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Ripple

Today, while giving the interview to a journalist during the Swell event, the CEO of Ripple, Brad Garlinghouse made it crystal clear that XRP is fully decentralized. The head of Ripple even went on to say that all the FUD around XRP is spread by only the haters who have an economic benefit in doing so.

While responding to the criticism that XRP is not decentralized, he went on to say even he as a CEO cannot control the ledger of XRP or change a transaction, that’s how much decentralized the cryptocurrency token is. Once an Uber drive and now the CEO of Ripple, emphasized that XRP is ‘very clearly’ decentralized.

Brad Garlinghouse went on to that irony this is, as XRP has become more decentralized, Bitcoin is getting more centralized. Backing his statement that Bitcoin is becoming more centralized, Ripple CEO said that more and more 51% attacks today are launched on Bitcoin and only three mega miners that are based in China that can control Bitcoin blockchain. Cheddar Tweeted a part of the interview video earlier today:

The main head behind Ripple currently, Mr. Garlinghouse believes that a lot of people are spreading the misinformation merely for their economic interests and that does not bother him much. He thinks the facts are crystal clear and say by themselves.

Talking about the facts he said, it’s a fact that anyone can check the XRP ecosystem and that if Ripple does something which is not in the XRP ecosystem’s best interest, the rest of the ecosystem is undoubtedly going to ignore them.

The CEO asserted that without touch the technical stuff for the sake of the general public’s interest, he can confirm that XRP is a decentralized coin at its best. And if someone wishes to dive into the technical details, he’ll find only that too. According to Garlinghouse, many people continue to confuse the general public about Ripple and XRP intentionally, which are two different entities.

In response to the confusion, he said, that’s something that he wants the community to understand. Concluding the discussion, Garlinghouse said,

“Ripple is a centralized company investing in decentralized technology, in the same way Amazon was invested in TCP/IP”

As we all know, times haven’t been that good for crypto market lately, and Ripple’s XRP hasn’t been an exception either. But on top of market trends, two main reasons kept investors away from Ripple(XRP). One was this daunting debate that XRP is centralized, and the other was, it’s a security.

Now, both of these issues seem to be getting resolved over time rather nicely, so we can all expect some good days are coming for the crypto. Yes, the time will tell what’s ahead, but things are apparently starting to change. And, the latest affirmation of Ripple CEO on XRP centralization issue could affect on its market positively too.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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