Ripple's Answer to this question:
This is a top misconception with the XRP Ledger. Centralization
implies that a single entity controls the Ledger. While Ripple contributes to the
open-source code of the XRP Ledger, we don’t own, control, or administer the XRP Ledger.
The XRP Ledger is decentralized. If Ripple ceased to exist, the XRP Ledger would
continue to exist.
Ripple has an interest in supporting the XRP Ledger for several reasons, including
contributing to the longer-term strategy to encourage the use of XRP as a liquidity tool
for financial institutions. Decentralization of the XRP Ledger is an ongoing process
that started right at its inception. In May 2017, we publicly shared our
First, we announced plans to continue to diversify validators on the XRP Ledger, which
we expanded to 55 validator nodes in July 2017. We also shared plans to add attested
validators to Unique Node Lists (UNLs), and announced over the course of 2017 and 2018,
for every two attested third-party validating nodes that meet the objective criteria
mentioned above, we will remove one validating node operated by Ripple, until no entity
operates a majority of trusted nodes on the XRP Ledger.
We believe these efforts will increase the XRP Ledger’s enterprise-grade resiliency and
robustness, leading to XRP’s continued adoption as the best digital asset for payments.