The purists of cryptocurrency have always judged new pieces by some important factors. At the top of this list has always been decentralization. However, one of the biggest coins on the cryptocurrency market has been hidden in plain sight with its centralized nature. But, its recent boom that saw it end last year as one of the most successful encryption assets has sparked a lot of hate.

What causes this ripple on the market?

Ripple, a token created by the company of the same name which aims to facilitate transfers between large financial corporations. For this purpose, it has been very successful in 2017 with some large banks associated with it.

Despite working with central banks, it is the centralized nature that has several arms in the air. When the system was created in 2013, the development team removed many key features that you find in most other cryptocurrencies.

This was done so that the token be directed to these major financial institutions. and probably necessary, but it becomes problematic when Ripple is counted in the same breath as Bitcoin and other highly decentralized digital currencies.

Ripple issues his token centrally, unlike other coins that are mined and incited by people

"This is not a cryptocurrency"

Lots in the community, including creators of other coins, have criticized Ripple's definition as a cryptocurrency.

"For the most part, I'm not frustrated or angry at Ripple, I'm frustrated with the general lack of knowledge in the community these days (for example, Ripple is a symptom, but not the problem itself) "" The fact that Ripple is labeled as "cryptocurrency" and included on sites like CoinMarketCap was, for the most part, perceived as misleading and as a "moderator" of Bitcoin Subreddit. "1945 -19003]

Litecoin creator, Charlie Lee, stated that he does not believe that Ripple should even be considered a cryptocurrency.

R3 sues Ripple for $ 1 billion. Ability to buy XRP 5B ?! The traffic supply is only 38B. 🤦♂️ XRP is NOT a cryptocurrency.https: //t.co/gVx2IIgk5a pic.twitter.com/hBQw1RvgQb – Charlie Lee [LTC] (@SatoshiLite) September 9, 2017

[19459009EnoutrelwriterCointelegraphJosephYoungapartagemedimensions

Ripple locks in $ 14 billion of his native "currency" to control his price?

Lock the funds itself is bad. The intention is even worse. pic.twitter.com/X9xaqJHDfV – Joseph Young (@iamjosephyoung) May 17, 2017

Making Ripples

Despite the mixed opinions of Ripple, he still made big gains in 2017 , up 36,000 percent. This provoked his market capitalization to push the coin to the second place on Coinmarketcap for a period

However, even this accolade was criticized.

"This looks like multi-year cryptocurrency The bull market has finally reached a point where newcomers buy indiscriminately, understanding nothing that they buy apart" it's a piece of crypto so you can earn money "and Ripple managed to get caught in the madness" thieflar continues

The Answer?

Interestingly, Ripple him – even recognizes that it should not be bought indiscriminately to try to make money on earnings

"Private exchanges and liquidity providers may choose to hold additional XRP for trading. Ripple (the company) does not promote XRP as a speculative investment, "he says in his bridge guide.