Foreign media: Asset management institutions have refuted a long-standing dispute regarding XRP, arguing that early participation of Ripple in the development of XRP Ledger does not equate to its current ability to directly control that network. The article also presents three possible price scenarios for XRP.
The number of verifiers exceeds 150.
The relationship between XRP and Ripple has always been a focal point of market debate. Critics often use this as evidence to argue that XRP is more centralized than cryptocurrencies such as Bitcoin. However, the viewpoint cited in the article is that participating in software development and possessing the authority to verify transactions are not the same thing.
According to the public information of XRP Ledger, this is a decentralized public chain, and Ripple does not own or control the entire network. The text mentions that there are currently over 150 validators in the network, making it difficult for any single institution to decide on the operation of the network on its own.
Ripple Only one validator is allowed to run.
The article states that Ripple currently operates only one node in the default list of validators. For protocol upgrades, at least 80% support from validators is typically required, which means that network changes need broad consensus and cannot be driven by a single company.
It is also mentioned in the text that Ripple proposed a decentralized strategy to reduce the influence of its validators as early as 2017. The company has recently stated that it is currently operating only one validator.
Still holding a large amount of XRP custodial assets
However, the article does not deny the important position of Ripple within the XRP ecosystem. It remains one of the main construction companies surrounding XRP and XRP Ledger, and at the same time controls billions of XRP coins in managed accounts, which is also a significant reason why the controversy persists.
In addition to discussions on network structure, the article also lists the price scenarios for XRP: the baseline scenario is $2.45, the optimistic scenario is $2.69, and the pessimistic scenario is $1.60. According to the data for CoinGecko cited in the article, the price of XRP at that time was approximately $1.42.
