1 Level
2 Review
1 Karma
Review on XRP by Geoffrey Sari
Because of a huge number of coins being pre-mined by the founding organisationโฆ
Because of a huge number of coins being pre-mined by the founding organisation, this gives a bad reputation for the project itself.
๏ปฟ
Since it is also a centralized system, it would have to hold up against the ever increasing new and more innovative decentralized block-chain projects.
๏ปฟ
Pros
- Fast transfers between banks worldwide
Cons
- - Pre-mined Coins, which gives bad reputation in comparison to other block-chain based projects - Centralized system in comparison to existing block-chain projects which are decentralized
