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Ripple Chief Market Strategist: XRP is two times better than Bitcoin - Global Coin Report
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Ripple Chief Market Strategist: XRP is two times better than Bitcoin

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Ripple
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Since the inception of cryptocurrency and blockchain technology, every single project has been taunted with being lacking in something. We all know Ripple’s XRP has been called a security for long now, Bitcoin tend to have some real issues in it though. Scalability has been a point of discussion on the Bitcoin platform. Lighting project was the closest solution to the scalability issue on the platform. Unfortunately, the lighting platform is not going to be in operation in full gear until the year 2020.

At present, thousands of settlements go unconfirmed, and Bitcoin’s blockchain technology is arguably said to be running at a 90 percent capacity. Bitcoin cannot afford to be behaving this way with its scalability issues considering the many competing options available in the market.

Thoughts of Cory Johnson on XRP being polished Bitcoin

In his usual nature, Cory Johnson is not letting Bitcoin’s scalability issues plaguing the number one ranked crypto go by without capitalizing on it, letting his voice known by saying Ripple’s XRP is two times better than BTC.

Naming some renown personalities like Paul Krugman, Johnson spoke about the many people who are complaining about Bitcoin blockchain technology’s failure to make significant development in the cryptocurrency side. Johnson said:

“What Bitcoin is going to do is make commentaries and critic remarks about how blockchain technology does not function for anything. Crypto critics claim that it takes about 20 minutes for Bitcoin to complete its transactions. Their remarks quickly shift from blockchain does not do anything to Bitcoin does not do anything.”

In regards to the mentality and perception of individuals about blockchain technology, Johnson stated that he believes that a couple of things happen when people get tangled in blockchain technology and start reading about it.

According to Johnson, there are many unintentional biases developed by individuals who have cashed their money in this industry. For example, the Ripple strategist gave the instance of Binance CEO statement when he said he would not be giving any reporter an interview if they did not have any investments in cryptocurrency.

According to Johnson, Binance CEO might be inviting some biased treatment if he goes by this approach, but one thing that individuals should try not to forget are the facts. For Bitcoin blockchain technology, it takes about 20 minutes to complete a transaction but for default Ripple virtual currency, XRP, it takes about 1 second to perform 1500 to 2000 transactions.

Cory added,

“The people who created XRP looked at the blueprint that Satoshi developed about Bitcoin and retorted to themselves that this is amazing. This could be reasonable at scale, but we can make it better ensuring some of the major issues that need total openness are settled.”

The Solutions Ripple Offers Suit Everyone

According to Johnson, it is not the wish of financial institutions, banks, and generally everyone to have their transaction-related information exposed, as they would always prefer more privacy and security as well. If this is your case, Ripple blockchain technology is your answer that can provide all that.

Concerning the blockchain industry and cryptocurrency ecosystem, Johnson says that a lot of companies are showing signs of adopting RippleNet’s technology in the future. But at present, Cory oozes in confidence that Ripple is leading the path in this regard.

At the time of writing, Ripple has over 100 paying customers, having moved over a billion US dollars’ worth of XRP across their platform. The blockchain firm is inventing new pathways for the entire financial industry.

In the end, in Johnson’s opinion, those critics that associate the scalability failures of Bitcoin to the shortcomings of blockchain technology can be compared to individuals who condemn a particular mode of transportation without considering the alternatives available.

Looking at the statistics between Bitcoin and the blockchain firm of which Cory Johnson is a part, it is safe to say that Ripple is Bitcoin 2.0.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Altcoins

2019 Will Be a Big Year for Luxcore

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Luxcore
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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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