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XRP Is a Better Bitcoin, Say Ripple Builders

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    In the recent Pompliano’s podcast, the Ripple CEO said that some of XRPL developers initially came from Bitcoin and planned to create a better version of BTC

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Contents

The recent talk of the angel investor Anthony Pompliano and the Ripple CEO Brad Garlinghouse hosted by ‘Pomp’, became a significant event for the XRP community and had been highly anticipated.

On the podcast, Pompliano talked to the CEO of the company behind the third largest cryptocurrency, about Ripple, XRP, their prospects and got him to answer ‘hard questions’ picked by Pompliano from his Twitter announcement of the event.

One of the things that Brad Garlinghouse mentioned was that some of the first XRPL developers had taken part in building Bitcoin Core prior to that and they wanted to make a better version of Bitcoin when building XRPL.

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Former Bitcoin engineers set out to ‘build a better Bitcoin’

In the conversation, Garlinghouse said that the XRP Ledger appeared before Ripple came to existence and that some of Ripple founders were also XRPL creators.

Knowing from how Bitcoin works about its future scalability issues, they, as per Garlinghouse, decided to create a better Bitcoin, ‘Bitcoin 2.0’. In particular, he said:

“We don’t talk about that today, cause I don’t view this as a competition between Bitcoin and XRP. I think there’s gonna be multiple winners in this [field]. The marketplace will take care of the competition.”

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XRP Price Is Retesting Breakout Level, Says Bullish Ripple Trader

Garlinghouse is bullish on Bitcoin

The Ripple CEO also rejected multiple accusations that he hates Bitcoin. He emphasized:

“I’m long Bitcoin, I own Bitcoin and I’m not bearish on Bitcoin.”

However, further on Brad Garlinghouse adds:

“Bitcoin is not gonna solve a payments problem. The XRP Ledger is much more efficient.”

Do the technical improvements made by XRPL builders make XRP more valuable than Bitcoin to investors? Feel free to share your view in the comments section below!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Likely to Decline to $7,800: Crypto Analyst

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    Bitcoin is to find support at $7,800 or recover to $8,300, an analyst writes, but either way ‘continuation of the ranging on either of the levels is going to occur’

Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Over the last few days, Bitcoin has been trading below the $8,500 area. At the moment, it has recovered to $8,258 after the recent slip below the $8,100 level.

Analysts have been bullish on BTC in the long run, however, the nearest BTC price movements are expected to be bearish.

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The crypto analyst @CryptoMichNL believes that there are two paths ahead of Bitcoin at the moment. If it fails to recover to $8,300, he says on his Twitter page, then the market should be ready for the flagship coin to drop and find support at the $7,800 or $7,300 levels.

Whichever way it goes, ‘continuation of the ranging on either of the levels is going to occur’.

The analyst tweeted this forecast twice with an hour pause.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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