Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: emjay825 on August 23, 2018, 06:41:15 PM
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Ripple own cryptocurrency XRP has lost more than 1000% of its value within the last 7 months. After dropping from its highest value of $3.84 in Jan this year to a present value that is less than $0.33 as of the time of writing.
It has continually gained more partnership and also continued to diversify with the recent conclusion of the test rum of xRapid that attracted 10 payment platforms with three of them already settled with it since it could process international payments at a time rate of 3 minutes which is one of the fastest in the industry at present.
However, its CTO David Schwartz wrote about the opinion of some tech giants that Ripple blockchain could not be classified as decentralized blockchain. Presently, for any change to happen within the Ripple blockchain.
Its consensus mechanism requires 80% validators from the 150 to fulfil it, and this percentage must be sustained within two weeks of the voting for it to be implemented, although Ripple could only contribute 7% to it, unlike ethereum blockchain where a single miner has more than 50% hashrate. More here (https://zycrypto.com/ripples-cto-david-schwartz-gives-reasons-why-xrp-ledger-should-be-called-a-decentralized-blockchain/).