Kraken Publicly Asks: Is It XRP or 'Ripples'? – Bitcoinist.com

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Esther Kim

Confusion continues within the cryptocurrency trade over altcoin Ripple (XRP) after US trade Kraken publicly requested for assist with naming it.


1 Ripple, 2 Ripples? No One Knows

The newest episode in a collection of weird occasions over XRP token and its notional issuer Ripple, Kraken CEO Jesse Powell appealed to the corporate’s CTO David Schwarz after it grew to become unclear what ‘XRP’ truly stood for.

“Is a singular unit called a ripple or ripples?” he requested on Twitter, requesting an “official position” on the problem.

Kraken had introduced it will launch XRP margin buying and selling, requiring affirmation about XRP and its sub-items.

2018 has seen varied contradictory statements for Ripple concerning its relationship with XRP, as effectively was what the token is and what it goals to attain.

An Endless Web Of Confusion

As Bitcoinist reported, Schwarz himself has added to the dearth of readability, together with CEO Brad Garlinghouse, in official and social media correspondence.

Having beforehand denied Ripple was a “distributed ledger,” Schwarz subsequently claimed in August that it was “more decentralized” than each the Bitcoin and Ethereum networks.

Commentators have even begun conducting analysis of their very own into the extent Ripple controls XRP, with many contemplating the corporate to be intentionally avoiding giving clear solutions to questions.

At the identical time, on Twitter, particularly, a military of pro-Ripple entities continues to counter any suspicions concerning the windfall of both XRP the token or Ripple the corporate.

At press time, Schwarz had not offered a response to Powell’s question, the latter conducting his personal analysis to unearth a solution utilizing literature from Ripple revealed in 2013.

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