{"id":52055,"date":"2023-06-14T09:23:22","date_gmt":"2023-06-14T13:23:22","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52055"},"modified":"2023-06-14T09:23:24","modified_gmt":"2023-06-14T13:23:24","slug":"uniswap-not-decentralized-says-ripple-cto","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/uniswap-not-decentralized-says-ripple-cto\/","title":{"rendered":"Uniswap Not Decentralized, Says Ripple CTO"},"content":{"rendered":"\n

David Schwartz, the CTO of Ripple<\/a>, has taken to Twitter to discuss which crypto projects are truly decentralized and which are not. He specifically criticized Uniswap, a popular decentralized exchange, for its licensing and governance issues.<\/p>\n\n\n\n

\"Uniswap<\/figure>\n\n\n\n

Uniswap's open source controversy<\/h3>\n\n\n\n

Schwartz responded to a tweet by @LefterisJP, the founder of @rotkiapp\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, who accused some crypto projects of “opensource washing”<\/em><\/strong> their work, pretending to be decentralized and open source. <\/p>\n\n\n\n

He particularly mentioned Uniswap v4,<\/use><\/svg><\/span><\/a> released under a Business Source License (BSL). This license allows the software to become open source after a certain period passes after the initial release. <\/p>\n\n\n\n

\n

Uniswap is not decentralized either https:\/\/t.co\/Ze2RvJ3Pl0<\/use><\/svg><\/span><\/a> https:\/\/t.co\/FtlEXj8P5S<\/use><\/svg><\/span><\/a><\/p>— David 'JoelKatz' Schwartz (@JoelKatz) June 14, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

@LefterisJP cited this restriction as evidence that Uniswap v4 is not open source.<\/p>\n\n\n\n

David Schwartz agreed with this view and added that Uniswap, the original version of the DEX, Uniswap, is also not decentralized. <\/p>\n\n\n\n

He shared a link to his previous tweet, expressing doubts about Uniswap v3 being a decentralized project<\/a>. He also took a jab at Uniswap v4. <\/p>\n\n\n\n

He argued that “if some person or group has an enforceable legal right to tell others how they can and can't use it, it's not decentralized.” <\/strong><\/em><\/p>\n\n\n\n

Furthermore, he highlighted that Uniswap Labs<\/a>, the company behind the protocol, control Uniswap.<\/p>\n\n\n\n

Ripple's stance on decentralization<\/h4>\n\n\n\n

Schwartz's comments on Uniswap's decentralization come as his employer, Ripple, is facing a lawsuit from the U.S. Securities and Exchange Commission (SEC) for allegedly selling $1.3 billion worth of XRP, a cryptocurrency the SEC considers a security. <\/p>\n\n\n\n

Ripple has argued that XRP is not a security but a decentralized digital asset used for cross-border payments.<\/p>\n\n\n\n

However, some crypto enthusiasts have questioned Ripple's decentralization claims, pointing out that the company holds a large amount of XRP in escrow and has influence over the network's validators. <\/p>\n\n\n\n

Using various metrics, some XRP supporters have also tried to prove that XRP is more decentralized than Bitcoin or Ethereum.<\/p>\n\n\n\n

In response to Schwartz's tweet, @XRPcryptowolf admitted that Ripple is centralized. He says decentralization is “the biggest lie in crypto,”<\/strong> and no truly decentralized project exists. <\/p>\n\n\n\n

He added that “at least Ripple is honest about being centralized.”<\/strong> Another user disagreed, claiming that only Bitcoin is decentralized.<\/p>\n\n\n\n

\n

The biggest lie in crypto is decentralization. Nothing is truly decentralized. At least #Ripple<\/use><\/svg><\/span><\/a> is honest about being centralized \ud83d\ude24<\/p>— XRPcryptowolf (@XRPcryptowolf) June 14, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

David Schwartz, the CTO of Ripple, has taken to Twitter to discuss which crypto projects are truly decentralized and which are not. He specifically criticized Uniswap, a popular decentralized exchange, for its licensing and governance issues. Uniswap’s open source controversy Schwartz responded to a tweet by @LefterisJP, the founder of @rotkiapp , who accused some […]<\/p>\n","protected":false},"author":44,"featured_media":52057,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[202,1996,142,973],"class_list":["post-52055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripples-news","tag-blockchain","tag-decentralization","tag-ripple","tag-uniswap"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/David-Schwartz-Ripple.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=52055"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/52055\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/52057"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=52055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=52055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=52055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}