Last week, cryptocurrency exchange, Kraken announced that it was launching Ripple margin trading. However, that was not the only bit that grabbed eyeballs. While announcing the news, Kraken asked the community as well as the company a question that has long plagued many in the community: Is it Ripples or XRP?In a tweet thread, the exchange in a response to a Twitter user said, “Ripple is (and was first) a payment protocol whose native currency is XRP. You could suggest the eponymous company change its name (again) to avoid ambiguity. The convention is <protocol><asset>, like: Ripple XRP, Ethereum ether, Bitcoin bitcoin, etc.”We are not calling for the company to change its name but that is the logical solution to the alleged confusion given that the protocol had the name before the company, OpenCoin, changed its name to Ripple Labs in 2015 and started referring to itself as just "Ripple".— Kraken Exchange (@krakenfx) December 29, 2018questions about Ripple’s decentralization have been raised. Earlier in August, Brad Garlinghouse, the Chief Executive Officer (CEO) of Ripple had said, “Put simply, the XRP Ledger is based on an inherently decentralized, democratic, consensus mechanism — which no one party can control,” as reported by Crypto-News India.Liked what you read? Join us on Telegram
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