Schwartz countered by stating that XRPL achieves the same level of decentralization as proof-of-work blockchains, but in a different manner. He explained that XRPL has no special authority to change rules, and transactions cannot be censored for more than a brief period of time.
Furthermore, Schwartz emphasized that XRPL is cheaper to operate than PoW or proof-of-stake systems, as there is no need to pay for the energy consumption of miners. He also highlighted that no single entity has any special right to receive rewards or control transaction flow on XRP Ledger, which contributes to better decentralization.
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