Ripple’s Alderoty Expands on Decentralization in Cryptocurrency

Stuart Alderoty, Ripple’s Chief Legal Officer, addressed a common misconception about decentralization in cryptocurrency by emphasizing its significance beyond Bitcoin. In a recent tweet, he clarified that the lack of a CEO in Bitcoin, Ethereum, and XRP is not a mere ideology but rather a fundamental design principle for all open, permissionless networks. 🎧 His explanation centered on the absence of centralized control over these networks and how they operate independently. He highlights this characteristic as part of what defines truly decentralized systems.