Ripple Labs has long been a polarizing startup in the cryptosphere. Case in point, the San Francisco-headquartered company, started by Stellar Development Foundation Mt.Gox co-founder Jed McCaleb, is often bashed for being in bed with centralized financial entities — what Bitcoin was created to destroy. Moreover, many believe that the XRP digital asset is centralized, controlled by puppet masters at the fintech firm.
However, David Schwartz, the chief technology officer at Ripple, has claimed that his firm’s protocols actually have their benefits. Schwartz’s controversial comments come after the Ethereum Classic blockchain was attacked by an unnamed group/user.