According to TheMerkle, crypto asset management company Grayscale recently released a report that analyzes XRP's token history, protocols, prices, transaction speed, and more. According to the report, early developers of the XRP ledger worked to create a fast protocol that challenged existing financial systems. Although Ripple is still the third largest cryptocurrency by market capitalization, it is not as decentralized as BTC and ETH. The report mentions that XRP attempts to eliminate the high transaction costs and long processing time driven by the institution, and to solve the double spending problem, which requires third parties to monitor counterfeit currency or forge transactions. Although Ripple is not as decentralized as BTC and ETH, this is not necessarily a bad thing for investors. Despite violating the principle of decentralization, Ripple handed over most of the XRP to custodians to appease investors. Ripple cannot sell all the shares it holds at the same time, which protects the interests of investors.