'XRP empowers anyone who want to use the ledger to track the ownership and exchange of assets,' David Schwartz said.
that the token is not created to enrich and empower only the top 1% of people controlling the XRP system.
“XRP empowers anyone who wants to use the ledger to track the ownership and exchange of assets… I can’t see any real connection between my patent and XRPL design. The patent was aimed at using “stranded” CPU power that would otherwise go to waste, but the technology didn’t evolve as most people expected it to, and the patent became mostly irrelevant.”
Ripple’s CTO also said his patent predates Bitcoin. However, he clarified that the network behind the largest cryptocurrency by market capitalization “was using proof of work to solve the double spend problem,” which his invention “doesn’t relate to.” Subsequently, Schwartz rejected the rumors that the mysterious creator of Bitcoin, known as Satoshi Nakamoto, has ever made a comment on XRP. Instead, they talked about the original RipplePay system, which is quite different from the decentralized, public blockchain XRP Ledger .Speaking of Ripple’s native coin, it is worth mentioning some of the latest predictions coming from experts regarding its potential price surge.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple Price Forecast: Declining network growth and underwater XRP holders suggest more downside for XRP priceRipple (XRP) price shows a lack of buying pressure after its win against the US Securities and Exchange Commission (SEC) on July 13. Since then, the r
Read more »
Ripple’s David Schwartz Defends XRP Against Claims of Elite EnrichmentRipple CTO David Schwartz has directly addressed and refuted contentious claims surrounding the nature of XRP
Read more »
Crypto Traders Lean Bearish as Bitcoin Hovers Above $26K; DOGE, XRP Dip Most Among MajorsWhile bitcoin is currently in a consolidation period, an analysis of past cycles suggests that gains can be expected after 2024’s halving event, one data firm said.
Read more »
Bitcoin (BTC) Dumps to 12-Day Low, Ripple (XRP) Slips Below $0.5 (Market Watch)Aptos (APT) is the only notable exception with a massive price surge today.
Read more »
Ripple (XRP) to $1 and Airdrop Details, Silly SHIB Speculation, and More: Bits Recap Sep 25thAccording to ChatGPT, XRP's potential spike to $1 depends on several vital factors. On another note, LUCIE rejected a 'silly' rumor regrading Shiba Inu.
Read more »