Ripple is one of the standout projects in the cryptocurrency sector, and Chris Larsen, co-founder of Ripple, recently shared intriguing insights about the origins of XRP in a podcast episode. He revealed that XRP was developed with the goal of becoming a superior version of Bitcoin.
Larsen, working with a team of leading experts, has created a cryptocurrency that is faster, more efficient, and more energy-saving than Bitcoin. While he respects Bitcoin's conservative foundation, he still believes that XRP can address its limitations without losing its core value.
Larsen Critiques Competitors
Larsen does not hesitate to criticize competing projects that lack consistency. Although he does not directly mention it, he alludes to Stellar, co-founded by a former Ripple director, who burned over half of its token supply in 2019.
He expresses such actions as chaotic, suggesting that frequent changes, airdrops, and token burn events cause instability for the project. According to Larsen, successful coins must rely on predictability, not risky maneuvers. He praised the XRP community for supporting the project through ups and downs, comparing this loyalty to that of Bitcoin supporters. In contrast, he expressed uncertainty about the long-term commitment of the Ethereum community, which creates a bit of competition in the altcoin debate.
Concerns About Going Public in the U.S.
Furthermore, Larsen criticized the current environment for companies wanting to go public in the United States, describing the process as highly bureaucratic and warning about the influence of short-selling investors, who often spread misinformation to lower stock prices. This assessment aligns with earlier remarks by Monica Long, President of Ripple, who stated that the company has no plans to go public in the near future, reflecting frustration with legal barriers in the U.S.
Moreover, there could be a positive price trend for XRP if XRP ETF funds are approved this year. As Bitcoin's price becomes excessively high, investors are seeking alternative options to mitigate investment risk.
Ultimately, Larsen's remarks emphasize XRP as a sustainable option, built with a clear purpose, having strong community support, and designed to endure in the cryptocurrency market.
Source: https://tintucbitcoin.com/xrp-tot-hon-bitcoin-theo-chris-larsen/
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