CEO Ripple: ICO regulation is the right solution

Speaking to CNBC, Brad Garlinghouse, CEO of Ripple, said that while creating a large number of ICO, he does not believe that the new digital currencies “will solve real problems”.

He added:

“So I think it’s good when regulators around the world interfere in this process.”

According to Stats on CoinMarketCap, the Ripple(XRP) token currently occupies the third place, after Bitcoin and Ethereum. At the time of publication, one token is valued at $ 0.249764 with a market capitalization of $ 9.6 billion. Earlier this month, Ripple’s price rose 30% thanks to RippleNet, a network of start-ups that included the 100th member.

In the past, Ripple faced criticism about the centralization of the network. But, in May, Ripple introduced a three-point strategy to make the Ripple Consensus Ledger (RCL) blockbuster “safer, more efficient and decentralized than Bitcoin.”

These three steps include:

– Diversification of the nodes of the validator in the block.

– Attraction of certified validators to the network.

– Add validated validators to their unique node lists (UNLs).

At that time, Stefan Thomas, head of technology at Ripple, said:

The key benchmark we are striving for is a more decentralized blockbuster than Bitcoin, at the time of writing, 51% of the network is controlled by only five mining pools.

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