This is perhaps the most controversial cryptographic part in the entire Blockchain Universe: ripples and its angular
In principle, a blockchain should make central authorities, such as banks, redundant. Today, banks control global payment transactions. But with cryptographic parts like Bitcoin, cryptography fans want to create what is called decentralization: there should not be a single central authority that decides and takes care of everything, but a lot, so the system does not depend on One case.
Bitcoin and Ethereum blockchain, for example, works in such a way that everyone can participate if they have a computer with Internet access and the necessary software.
Each participant allows their computer to work to verify and confirm payments and transactions on the network. In turn, the so-called miners receive remuneration in the form of PTS or air. This is not true.
There is also a chain of wave blocks, but it works a little differently. For example, there is no data mining ripple. 100,000,000,000 already created. Therefore, there is no incentive to participate in the
Only those that is activate by the company, especially banks and other payment service providers, can participate in the consensus. This is a big difference compare to other blockchains and, therefore, much of the criticism comes.
The criticism is that, as expected, there is no decentralization, but that the rippling Labs acts as a central instance. However, CEO Brad Garlinghouse argues that this is not the case. And if the company goes bankrupt, the network will still exist.