Ripple update: Looking for clarity on the difference between Ripple and the Ethereum Foundation
So ETH was declared to not be a security, and XRP is still up in the air. That, we know. Correct me if I’m wrong, but the SEC is under no pressure to make a call on XRP unless there is an active threat to investors. They’ve seemed to signal that further decentralization would shift XRP away from a security classification. So perhaps the SEC is giving Ripple time to prove itself, or perhaps it’s just the government dragging its feet.
What I’m really interested in is understanding the difference between the role the Ethereum Foundation plays in the ultimate development and success of ETH and how that differs from the role Ripple plays in XRP.
Does it all come down to pre-mined supply and validation nodes? Looking more for a facts-based discussion than speculation if at all possible.
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Don’t forget to share the post if you love it !