Ethereum Co-Founder, Vitalik Buterin, has recently expressed his criticism of XRP, stating that he believes it is still completely centralized. In a widely shared video, Buterin discussed the criteria for crypto projects’ participation in the industry and mentioned that not every project is required to follow decentralization principles. He cited examples such as IOTA and XRP to support his argument.
During the discussion, Buterin raised concerns about whether IOTA had made any advancements in removing its coordinator, similar to the centralization of XRP. It is worth noting that despite being a centralized digital currency, XRP is still listed as a cryptocurrency on CoinMarketCap.
Buterin responded to XRP’s recent allegations that Bitcoin and Ethereum are controlled by Chinese entities. He pointed out that XRP had not rescinded its communication with the US government, where it appeared to request special treatment compared to Bitcoin and Ethereum. Buterin claimed that XRP had informed authorities that Bitcoin and Ethereum were susceptible to Chinese influence.
In response to Buterin’s remarks, supporters of XRP expressed concerns about the potential impact on Bitcoin, Ethereum, and other crypto projects, including XRP. Riz.XRP, a prominent advocate for XRP, shared the video and highlighted the possible consequences of Buterin’s statements.
Certain members of the XRP community seized upon opportunities to highlight instances where they perceive Ethereum as exhibiting more centralization compared to XRP. They raised concerns about the possible legal repercussions of Buterin’s involvement in the Hinman saga. It is worth mentioning that in the past, XRP enthusiasts have criticized Buterin for his negative remarks about XRP and Ripple.
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