CTO explains that fork mechanics apply equally to Bitcoin, Ethereum, and XRPL systems. Forks enable rule changes, but markets often consolidate value into one dominant chain. Decentralization can still allow harmful changes if backed by a majority consensus. Ripple CTO David Schwartz has addressed centralization accusations following social media discussions about XRP’s market capitalization relative to BlackRock. The debate began when users claimed XRP operates as a “centralized VC project using supermajority nodes.” This prompted Schwartz to clarify the mechanics of blockchain governance. Schwartz argued that all public layer one blockchains face similar governance challenges and stated that “any group of participants could change the rules to allow censorship” if they achieve consensus. This capability exists across Bitcoin, Ethereum, and XRP Ledger systems, not exclusively within Ripple’s network architecture. This is true of every public layer one blockchain. Any group of participants could change the rules to allow censorship by considering invalid all transactions that violate their censorship rules and it would affect all of those who agreed to th… The post Ripple CTO Refutes XRP Centralization Claims, Highlights Blockchain Governance appeared first on Coin Edition .
