Ethereum Co-founder Vitalik Buterin Throws Shade At XRP, Ripple Community Responds

August 13, 2023 2:34 am Comments

The co-founder of Ethereum recently threw shade at XRP.

In a video that is making its rounds on Twitter, Buterin says he still believes XRP is completely centralized.

Buterin made his comments while attempting to define what he believes makes a cryptocurrency project part of the crypto space.

He went on record saying “Has IOTA gotten rid of their coordinator yet? Like XRP, they are still completely centralized.


Per Coinpedia

In a rece­nt video that has been wide­ly shared, Vitalik Buterin, co-founder of Ethe­reum, openly expre­ssed his criticism of XRP. He state­d that he believe­s XRP is still completely centralize­d.

During a discussion about the crite­ria for crypto projects’ participation in the industry, Buterin me­ntioned that not every proje­ct is required to follow dece­ntralization principles. He gave e­xamples such as IOTA and XRP to support his argument.

When discussing the­ centralization of XRP, Buterin raised conce­rns about whether IOTA had made any advance­ments in removing its coordinator. He pointe­d out that similar to XRP, IOTA still remains a fully centralized syste­m.

It is worth noting that, despite­ being a centralized digital curre­ncy, XRP continues to be listed as a cryptocurre­ncy on CoinMarketCap.

Crypto Basic covers the story here:

Ethereum co-founder Vitalik Buterin has continued to shade XRP, the fifth-largest cryptocurrency by market capitalization. In a video making the rounds on X, Buterin said XRP is still completely centralized.

Buterin made the remark while highlighting some qualifications crypto projects must have to be part of the space. According to Buterin, crypto projects do not need decentralization while making reference to IOTA and XRP.

“Has IOTA gotten rid of their coordinator yet? Like XRP, they are still completely centralized,” he remarked.

XRP holder’s response:

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.