Ripple Notches Legal Win But Path to Wider Adoption Remains Long
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Ripple scored a legal victory against the SEC, removing a roadblock to adoption of RippleNet and XRP but institutional adoption remains slow overall.
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The "Hooks" feature could add smart contract functionality to the XRP Ledger but further testing is needed before considering adding to mainnet.
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Ripple struggles with managing expectations of its rabid fanbase, the "XRP Army," which brings devotion but also unreasonable expectations.
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Ripple aims for the XRP Ledger to be optimized for cross-currency payments as its core strength rather than a general smart contract platform.
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Critics argue Ripple is more centralized but it counters that it only uses consensus for transaction ordering and decentralized control over that isn't critical.