Ripple CEO said bitcoin and Ethereum are controlled by China

In an interview with CNN, company leader Brad Garlinghouse spoke about four Chinese miners who control 60% of the power of the digital currency network. The entrepreneur said Ethereum is too centralized. It is China that exercises control over bitcoin, according to the head of a California startup. He talks about the rapid development of the cryptocurrency industry. Digital money is moving away from manipulation to reality.

QuantumEconomics leader Mati Greenspan was unhappy that Brad confused pools with miners, exaggerating the level of centralization of the first cryptocurrency. According to him, Garlinghouses words do not make sense. Four people cannot control the bitcoin mining power. He thought that Brad had made a mistake and indicated incorrect information instead of the pool. There were no comments from Garlinghouse himself.

The company conducted a study by CoinMetrics, and concluded that the XRP token is one of the centralized assets. Large addresses contain 80% of the coins. Bitcoin is more successful in this, because addresses contain only 11% of the cryptocurrency capital.

Whale Alert reports that Jed McCaleb, who is the CTO of Ripple, recently sold over a billion XRP coins.