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XRP Is a Better Bitcoin, Say Ripple Builders

  • Yuri Molchan
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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

XRP Is a Better Bitcoin, Say Ripple Builders
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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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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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Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency

  •  Denis Sinyavskiy
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    Former US Congressman Ron Paul shares his thoughts on the possible creation of Fed’s own cryptocurrency

Ex-Congressman Says Fed Should Not Play With Own Cryptocurrency
Cover image via www.123rf.com

Former US Congressman Ron Paul spoke on Fox Business and said that the Fed should not think about creating its own cryptocurrency.

Fed’s Crypto: To Be or Not To Be?

Rumors have been circulating for the past few months about the Fed possibly creating own cryptocurrency. It is expected that a digital coin would become a competitor to its counterparts on the market, and may even replace fiat money. President Patrick Harker, President of the Federal Reserve Bank of Philadelphia, commented on such rumors at a recent conference:

“It is inevitable. I think it is better for us to start getting our hands around it.”

However, there has not been no official follow-up by the Fed towards a crypto exchange. While proponents of this idea believe such innovation is necessary, it is expected that the exchange could stop the current delays involving US bank transfers.

What do the opponents think about the Fed's own cryptocurrency?

The idea of ​​creating the Fed's cryptocurrency has its opponents. This includes Ron Paul, who believes that the Fed is in a better position to stay away from digital coins and allow the private blockchain sector and payment platforms to resolve this discussion in real-time. What the Fed plans to do next is unclear, but the central bank may still enter the game.

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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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