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Cyber Capital founder Justin Bons accuses XRP's decentralization claims of being "an outright fraud."
Justin Bons, founder of Cyber Capital, has accused XRP Ledger's decentralization claims of being "an outright fraud," citing its mandatory adoption of closed-source code by validators. Bons stated that XRP Ledger's emergency software update version 3.4.1, released on September 25, is expected to be enforced today (October 9), at which point un-updated servers will be unable to synchronize with the network. He believes that the use of such closed-source code and the existence of a recommended validator list grant excessive power to the issuer, raising unnecessary security concerns.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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