Erik
Erik
Aug 8, 2017 · 1 min read

The Ripple technology is an excellent example of how you can create a great decentralized cryptocurrency without financial incentive to centralize (as opposed to Bitcoin). Throughout the years, this new tech is developed by a single company, and currently the live payment system is largely in control by them. Within the next year or so the live payment system should be decentralized and out of their control (https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/). The advantage of initial centralization is that you can develop the tech to perfection before things like the ‘scaling debate in bitcoin’ ruins years of progress.

The tech is open-source and in approximately a year it is more decentralized than bitcoin will ever be.

    Erik

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    Erik