CEO Ripple: four miner from China control more than 50 percent of bitcoins

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2018-06-14 15:15:06

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CEO Ripple: four miner from China control more than 50 percent of bitcoins

1600 largest investors own 28 percent of all existing bitcoins, analysts Chainanalysis. Thus in the three largest wallets is 448 218 coins or 3.75 billion dollars. Ripple CEO brad Garlinghouse believes that the problem of the concentration of a large number of coins in the hands of one much bigger. According to him, four miner in China, own 50% of all BTC. It quotes .

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Who is behind Bitcoin

Arlinghaus made a statement, speaking on the blockchain conference Insight Conference 2018 Stifel Cross Sector Insight in Boston. He noted that the estimate is approximate, but still quite accurately reflects the situation.

I'll tell you a story that previously held back. The fact that four of the miner from China control more than 50 percent of bitcoin. And we can't guarantee that the government will not interfere in the Affairs of the crypto community by the hands of these miners. Who wants to use a coin-controlled China?

Arlinghaus also called Ripple "the best digital asset regulation". According to the entrepreneur, Bitcoin processes a transaction for 45 minutes, then as XRP does it in 4 seconds.

The accusations of the head Ripple in the Bitcoin address sound strange especially considering the fact that the company itself was accused in the spring of centralization token XRP. The research team from BitMex in February has tested the technology on the basis of the coin. When you launch a copy of Ripple node worked only when the five public keys, four of which are downloaded from the server Ripple.com. Based on this, researchers have concluded that the company fully controls all operations with XRP.

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