Which has more potential in the future?! Ripple's CSO claims "XRP is more practical than BTC" — what will be the truth?
Cory Johnson, Ripple's Chief Strategy Officer (CSO), recently claimed on his own Twitter that “cryptocurrencyXRPis now a practical currency used more than Bitcoin.”
-Bitcoin has some real technological limitations
-The digital asset that shows fundamental use cases will develop a fundamental value
-XRP is being used more than Bitcoin as of today
Cory Johnson, Ripple
Nov18#XRP #XRPthestandard
Japanese translation ⇩
Bitcoin has technical limitations.
Ripple is currently being used more than Bitcoin.
Ripple CSO: Cory Johnson’s Claims
Mr. Cory Johnson was invited to Ripple as Chief Strategy Officer (CSO) in March 2018.
He also serves as the chief editor-in-chief of Bloomberg Television in the United States and wields substantial influence over the cryptocurrency industry and external investors.
And that influence is one of the reasons Ripple invited him to serve as CSO.
Mr. Cory Johnson said the following on his Twitter account:
There is enormous hash power concentrated on the Bitcoin network due to Chinese miners.
However, such centralization is unlikely to have been intended by Bitcoin’s designers.
We are using a technology completely different from Bitcoin and chose to advance the technology surrounding XRP.
Quote:COINPOST
In other words, Bitcoin uses a PoW algorithm, and when 51% of hash power is concentrated in a single group, data tampering becomes possible.
Mr. Cory Johnson points out these kinds of issues, saying that the Bitcoin network is relatively inferior.
A miner is a person who performs the work of generating “blocks” on the blockchain.
>>>Explain what mining miners do? Easy explanation of cloud, pool, solo, and three meanings
Current differences between Ripple and Bitcoin
A summary of the current state of cryptocurrency Ripple is as follows.
| Ripple | Bitcoin | |
| Technical aspects | 1,500 transactions per second | Approximately 6-7 transactions per second |
| International transfer fees reduced to one-tenth of previous levels | Fees at risk of increasing due to scalability issues | |
| Sending speed | 2 minutes (approx.) | 10 minutes |
| Scale aspects | Ripple Labs partners with over 150 financial institutions worldwide | Cryptocurrency market cap and price ranking both led by Bitcoin |
| Over 100 payment-related clients globally | ||
| RippleNet member companies increased to over 200 in two months | There are 3,500 Bitcoin ATMs worldwide (75% in the United States) | |
| Market cap of XRP exceeds $10 billion |
(1) These are approximate averages.
It is difficult to judge which has the edge in the scale aspect, but at least Bitcoin still outs Ripple in both market cap and price.
However....Continue here ⇩
>>>See the official site of cryptocurrency trivia
