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Who has control over the top four cryptocurrencies?

Ripple.

XRP. Love it or hate it. There is a strong debate over whether Ripple controls XRP and several lawsuits lie in the balance. Is it decentralized?

👮 — While Ripple owns a lot of XRP, that doesn’t directly mean they control the network.

↩️ — XRP Ledger requires 80% of validators, over a two-week period, to continuously support a change before it is applied.

🔘 — XRP would exist without the company Ripple.

And is it centralized

❄️ — Ripple has the ability to freeze

IOUs?

on the network and reverse transactions of them.

🏦 — Ripple owns the majority of XRP and its handling of it will certainly affect the price of XRP, meaning it has control over the coin’s price.

👨‍💻 — It’s most prolific Github contributor, David Schwartz, known as Joel Katz, is also CTO at Ripple.

🏢 — XRP has 900 nodes but fewer than 150 of them account for the majority of connections as Ripple recommend a list of validators. This list includes nodes that are run by Ripple.

💵 — The top 100 accounts own 80% of XRP, excluding the large amount held by Ripple in escrow.

Conclusion:

Ripple, the company, and XRP, the coin, are often used interchangeably. It looks like this is because there is a lot of overlap. There are decentralized elements of the coin but it’s controlled in several ways by a single entity which means it is centralized.