News

Vitalik Buterin Sparks Controversy With Critique Of XRP Centralization

Key Points:

  • Vitalik Buterin’s comments on centralized crypto projects, particularly XRP, stir controversy.
  • XRP community reacts strongly, defending the project’s legitimacy and criticizing Buterin’s stance.
Vitalik Buterin’s recent comments on the centralization of certain crypto projects, including XRP, have ignited a debate within the XRP community. 
vitalik-buterin-critique-xrp-centralization

In an interview, Vitalik Buterin mentioned that projects like IOTA and XRP, despite being centralized, are still considered part of the crypto space. He also highlighted XRP’s failure to apologize for its previous stance favoring itself over Bitcoin and Ethereum in communications with the U.S. government.

The XRP community reacted strongly to Buterin‘s remarks, with some members expressing dissatisfaction and accusing him of negatively impacting projects beyond Bitcoin and Ethereum. Amid the backlash, enthusiasts also pointed out examples of Ethereum’s own centralization. Notably, this isn’t the first time Buterin has criticized XRP; in 2020, he advised Ethereum supporters not to defend Ripple during its legal battle with the SEC.

The XRP community’s response underscores the ongoing debates within the crypto industry about decentralization, influence, and legitimacy of various projects beyond the dominant players like Bitcoin and Ethereum.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Chubbi

Coincu News

Chubbi

Recent Posts

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

43 minutes ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

1 hour ago

Inflation Warning By Vanguard Amid Tariffs And Labor Issues

Inflation Warning by Vanguard highlights risks during Trump’s term, citing tariffs and tighter labor markets…

1 hour ago

Clanker Token Trading Volume Hits $59.8 Million High On November 21

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

2 hours ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

2 hours ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

3 hours ago

This website uses cookies.