- Ripple CTO emphasizes XRPL’s institutional adoption amidst manipulation claims.
- XRPL’s 13-year track record highlighted by Schwartz.
- Ripple rebuts centralization and manipulation allegations.
Ripple CTO David Schwartz addressed claims of XRP price manipulation by highlighting XRPL’s 13-year track record and institutional adoption in a recent statement via Twitter.
Schwartz’s emphasis on XRPL’s robustness and adoption underscores its position as a staple in global financial infrastructure, countering claims of centralization and manipulation.
Ripple CTO David Schwartz recently addressed claims of XRP price manipulation and network centralization, highlighting the XRP Ledger’s 13-year history. Schwartz emphasized XRPL’s role as a global financial infrastructure, citing its stability and extensive adoption as evidence.
Schwartz, a key architect of XRPL, defended its infrastructure through posts on his official X (Twitter) profile. He stressed its developer base and institutional adoption, contrasting with newer, less robust blockchains. Ripple’s influence on the network’s validators remains minimal.
Schwartz’s comments sparked discussions about Ripple’s transparency and the broader blockchain landscape. Critics argue centralization risks due to Ripple’s significant involvement, though Schwartz insists on XRPL’s trust and functionality proven over a decade.
The CTO asserted XRPL’s advantage, highlighting its low transaction fees and its role as a bridge asset. Schwartz underlined XRPL’s standing in the payments industry, despite not announcing any new institutional partnerships or financial shifts.
David Schwartz, CTO, Ripple – “Launching a blockchain is hard. Building an ecosystem with developers, liquidity, trust, and real-world usage is even harder. The XRPL has real traction and institutional adoption because it’s been battle-tested, updated, and improved upon for well over a decade.”
Ripple has not disclosed new partnerships in response to these claims. The debate over centralization continues, while industry experts ponder Ripple’s regulatory challenges. Meanwhile, XRPL’s resilience and technological updates remain a focus for both developers and users.
Historically, XRPL has demonstrated robust liquidity and reliability, contributing to its resilience against newer blockchains. Schwartz’s emphasis on the ledger’s maturity reinforces its position as a stable financial platform amid ongoing scrutiny and market dynamics.
