Is XRP decentralized

When viewed as they are now, both Bitcoin and Cardano have their strong decentralization points. Cardano may have an edge in the number of decentralization metrics it outscores Bitcoin . However, the importance of these metrics is subjective and may or may not influence one’s choice of which is more decentralized.

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake . It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.

But, according to the latest data from data aggregator Staking Rewards, Cardano has now become the most decentralized blockchain network on the market . There is currently over 21.75 billion ADA staked on Cardano, representing 69 percent of its total circulating supply.