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Ripple Chief Market Strategist: XRP is two times better than Bitcoin

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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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Altcoins

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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