Ripple's CTO promotes the advantages of the cryptocurrency XRP! Summary of Ripple's listings and activities in early 2019
America's largest cryptocurrency exchange Coinbase announced on January 8, 2019 that it had confirmed a Reorg on the Ethereum Classic (ETC) blockchain caused by a 51% attack.
There are several reasons why a chain can split, but this Reorg was caused by a malicious miner performing a “51% attack.”
https://ittoinfo.com/etc-51-attack-8273
Ripple CTO: “XRP does not have weaknesses like PoW”
Among them, the current Ripple CTO David Schwartz commented on this incident as follows.
【Japanese translation】Another PoW blockchain suffers a double spend attack, this time ETC. XRP Ledger's distributed agreement protocol eliminates this risk.https://t.co/RQBEWAXmRD
— David Schwartz (@JoelKatz)January 7, 2019
This time, ETC (Ethereum Classic) suffered a double-spend loss due to a 51% attack.
On the XRP Ledger, the distributed ledger of the cryptocurrency Ripple, these concerns have already been addressed.
Cryptocurrencies inevitably have a consensus algorithm, including several types such as PoW and PoS.
Among them, Ripple’s cryptocurrency XRP uses an algorithm called PoC (Proof of Correctness), and on the XRP Ledger official site it states,
“The PoC design includes a 51% attack defense mechanism.”
Ripple (XRP) to flourish from 2019 onward! Summary of listed and adopted companies
From here, let’s look at Ripple’s movements since the beginning of 2019.
