David Schwartz Explains Why XRP Didn’t Adopt Bitcoin’s PoW Consensus Algorithm
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The chief technical officer of Ripple, David Schwartz, has arranged his crypto portfolio in the order of position size. The arrangement surprisingly included a number of cryptocurrencies such as Cardano (ADA), Stellar Lumens (XLM), among others.

Schwartz made this revelation while replying to a crypto enthusiast who was interested in knowing the digital currencies he currently holds.

Read Also: David Schwartz Regrets Selling Tens of Thousands of BTC, ETH, XRP Before They Hit Their Peak

David Schwartz Reveals His Crypto Positions

The list of cryptocurrencies in Schwartz’s portfolio contains 13 different digital tokens arranged in the order of position size.

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Based on the arrangement, his biggest position is the digital token XRP, followed by Bitcoin (BTC) and Ethereum (ETH).

Then, after Basic Attention Token (BAT), comes XLM powered by Ripple’s major rival Stellar and Cardano (ADA). While Bitcoin Gold (BTG) and EOS come at the end of the list.

David Schwartz further admitted that he would have chosen to hold different digital currencies now but these holdings have been formed “due to airdrops and other circumstances”.

Ripple CTO tweeted “Note that this is not necessarily what I’d chose to hold now, I just kind of wound up here due to airdrops and other circumstances. 😉 Roughly in order of position size: XRP, BTC, ETH, BAT, XLM, ADA, Polymath, BNT, KIN, Crypterium, StormX, Bitcoin Gold, and EOS.”

Read Also: I Lost $300,000 on Completely Worthless Digital Tokens –David Schwartz Reveals

David Schwartz Condemns Maximalism in the Crypto Industry

Ripple CTO, David Schwartz has condemned maximalism in the cryptocurrency ecosystem, stating that it’s bad for the growth and development of the crypto industry at large.

In an interview with David Gokhshtein, Ripple’s CTO stressed that such an attitude can shut the door on existing projects that probably have better technology. He said his only expectation is for the best technology to win.

The above crypto positions he arranged serves as proof that he’s simply a technology maximalist.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.