“Bitcoin is completely under the control of China.” The head of Ripple criticized the asset

[EN]

Freebitcoin

Brad Garlinghouse said what is wrong with the first cryptocurrency and what does it have to do with mining

Bitcoin and Ethereum are under China's control, and this is a “smart strategic move,” said Ripple blockchain startup director Brad Garlinghouse in an interview with CNN. He specified that four mining pools are based in China, which account for more than 60% of the computing power in the network of the first cryptocurrency.

“China controls the Bitcoin blockchain. There are 4 miners in China, which account for more than 60% of the processing power in the coin network. In general, 80% of the computing power of Bitcoin and Ethereum is based in China. China has chosen an amazing strategy, ”said Garlinghouse.

At the same time, he noted the development of the crypto industry. The digital money market is gradually moving away from speculation towards real use, Garlinghouse explained. According to him, this is precisely the goal that Ripple has set itself for many years.

In November, Garlinghouse criticized the Swift interbank system. Using the XRP token instead is 10 times faster and safer, no matter how volatile its course is, the head of Ripple said.

источник : https://www.rbc.ru/crypto/news/5e4c0dcc9a7947cdc54e88fe