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In regards to decentralization, if you have a basic understanding of how consensus is reached on the network (if you dont start here https://xrpl.org/consensus.html) The largest entity right now operating validators on the network is Ripple. They currently run between 1 and 3% of all total validators (https://livenet.xrpl.org/network/validators) Since an 80% super majority is required to reach consensus, it is very decentralized. There is no single entity that can reverse transactions, There is no single entity that can censor transactions or users from using XRP for whatever they want. There is no single entity which can force code updates on validators as the code is open source (https://github.com/XRPLF/rippled) And finally there is no single point of failure IE if Ripple magically disappeared, the network wouldnt even halt.
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