Grayscale: XRP decentralization is relatively low due to Ripple's participation

Grayscale released an in-depth report on XRP for digital assets, analyzing XRP's history, protocols, prices, and transaction speed. Grayscale claims that XRP attempts to eliminate the high transaction fees and long processing times driven by institutions, and, like most digital assets, solves the double-spend issue. Grayscale emphasizes the decentralized nature of the XRP ledger and deconstructs the way transactions are handled on the open source ledger. The report also stated that Ripple is directly committed to the development of the XRP ecosystem and that it owns more than half of the total XRP supply, thus inherently making the protocol less decentralized than other crypto assets.