David Schwartz, former Chief Technology Officer of Ripple, has reignited debate in the crypto community by labeling Bitcoin as "a technological dead end." His comments, shared on social platform X, emphasize that Bitcoin's success is driven more by adoption than technical innovation. Schwartz's remarks come amid a heated discussion over the decentralization of the XRP Ledger (XRPL), following criticism of an early software bug that resulted in the loss of the first 32,569 ledgers.
Schwartz defended XRPL's decentralization, arguing that the network's decision to continue without a rollback after the bug reflects practical decentralization. He contrasted this with Bitcoin's history, citing the 2010 bug and 2013 overflow incident, both of which required coordinated interventions. The exchange highlights ongoing debates about the true nature of decentralization in blockchain networks, with Schwartz suggesting that no blockchain is entirely free from governance challenges.
Ex-Ripple CTO Labels Bitcoin a 'Technological Dead End' Amid Decentralization Debate
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