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Topic: Pros and Cons between Ripple and Centralized payment verification (Read 598 times)

legendary
Activity: 2618
Merit: 1007
But ripple uses a distributed verification system. What is the advantage of using a distributed verification system instead of using a centralized verification system?
No central point of failure.

An advantage of a centralized system would be that there are no syncing issues, so trades/transactions can happen nearly immediately with no need to wait for other opinions.
NWO
sr. member
Activity: 392
Merit: 250
Ripple is centralized too.. and premined what is worse

How is it premined when there is no mining involved?


That logic!  Roll Eyes
newbie
Activity: 15
Merit: 0
But ripple uses a distributed verification system. What is the advantage of using a distributed verification system instead of using a centralized verification system?
sr. member
Activity: 371
Merit: 250
Ripple is centralized too.. and premined what is worse
newbie
Activity: 15
Merit: 0
I want to know the advantages and disadvantages between Ripple payment verification system and centralized authority's payment verification system. Highly appreciate if someone can answer my question.
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