LogFAQs > #953855482

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Topic	Elon Musk: Tesla has suspended vehicle purchases using Bitcoin
2Pacavelli 05/13/21 8:10:25 AM #31:	Giblet_Enjoyer posted... Isn't XRP centralized though, or am I thinking of a similarly-named "crypto" Like, Harmony, Matic and Fantom are all fast and efficient as fuck while actually being decentralized (IIRC) From my understanding its actually very decentralized and the validator nodes have a much more even distribution around the Earth than the BTC mining which 60%+ is centralized and dominated by a few companies within China. There is a escrow that is a actually a computer system that releases the remaining 50B of XRP into circulation overtime however that's based on a certain set of conditions and nobody actually has control over it. If conditions don't satisfy the XRP is locked back into the escrow computer system. This is so there's no runaway inflation <cite>2Pacavelli posted [p:953855482] in Elon Musk:... [t:79455825]...</cite> <quote>Giblet_Enjoyer posted... </cite> <quote>Isn't XRP centralized though, or am I thinking of a similarly-named "crypto" Like, Harmony, Matic and Fantom are all fast and efficient as fuck while actually being decentralized (IIRC)</quote> From my understanding its actually very decentralized and the validator nodes have a much more even distribution around the Earth than the BTC mining which 60%+ is centralized and dominated by a few companies within China. There is a escrow that is a actually a computer system that releases the remaining 50B of XRP into circulation overtime however that's based on a certain set of conditions and nobody actually has control over it. If conditions don't satisfy the XRP is locked back into the escrow computer system. This is so there's no runaway inflation </quote> ... Copied to Clipboard!
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