Is XRP Truly Decentralized? Expert Challenges Ripple’s Blockchain

The cryptocurrency XRP, developed by Ripple Labs, faces a growing controversy regarding its decentralization model. A blockchain expert, Justin Bons, has publicly accused the protocol of being centralized and lacking key characteristics of true decentralized blockchains. He contends that the XRP Ledger’s unique node list (UNL) structure significantly limits distribution of power, lacks inherent validator rewards, presents potential for control by Ripple Labs, and even resembles a proof-of-authority system rather than a genuine decentralization model. )