Wednesday, September 30, 2020
No menu items!
  • News
  • Bitcoin
  • Blockchain
  • XRP News
  • Contact Us
More

    Ripple Reveals Why XRP is More Sustainable than Bitcoin (BTC) and Ethereum (ETH)

    Must Read

    Chainalysis and Integra FEC Are Awarded $625,000 by IRS for Cracking Monero (XMR) Privacy

    According to a report credited to Cointelegraph, the blockchain analytics firm Chainalysis and a Texas-based firm, Integra FEC, have...

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Ripple, the cross-border payment company has revealed the reason why the digital token XRP is more sustainable than the first and the second-largest cryptocurrency by market cap, Bitcoin (BTC) and Ethereum (ETH).

    The blockchain tech made this known in an article published on its official website some hours ago, in celebration of the 50th anniversary of Earth Day.

    There, the company highlighted the sustainability of digital currencies, such as Bitcoin (BTC) and Ethereum (ETH), compared to XRP, the third-largest cryptocurrency by market capitalization.

    Ripple’s Opinion Regarding the Sustainability of Cryptocurrency

    Ripple stated that the production of Bitcoin (BTC) and Ethereum (ETH) requires a process known as crypto mining, where their transactions need verification and addition in the blockchain digital ledger.

    Ripple said this process is crucial for the maintenance of these digital currencies but requires large amounts of electricity to sustain them.

    Ripple Compares Bitcoin (BTC) and Ethereum (ETH) Mining to XRP

    The blockchain tech went further by comparing the mining process of Bitcoin (BTC) and Ethereum (BTC) to XRP. It said XRP is a typical example of a cryptocurrency that doesn’t depend on large amounts of energy, which makes it one of the most sustainable forms of currency across the world.

    Ripple furthered that XRP is not a mined digital asset, unlike Bitcoin (BTC) and Ethereum (ETH), stating that every unit of the digital currency in existence presently has already been created. This, it said differentiates Bitcoin from XRP, as new BTCs are constantly created whenever Bitcoin is mined.

    It further reiterated that this mining process 1 BTC demands large, unsustainable amounts of energy capable of powering relatively four homes in the United States for a day.

    Additionally, Ripple pointed out that XRP is an incredibly efficient and sustainable form of currency. Describing the level of consumption of energy in XRP’s distributed ledger, Ripple said the energy consumed by the ledger would only power a mere seven lightbulbs, unlike the mining of Bitcoin (BTC) and Ethereum (ETH).




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Chainalysis and Integra FEC Are Awarded $625,000 by IRS for Cracking Monero (XMR) Privacy

    According to a report credited to Cointelegraph, the blockchain analytics firm Chainalysis and a Texas-based firm, Integra FEC, have...

    Eligibility of David Schwartz to Free Spark Tokens Questioned: Ripple CTO and Flare Clear the Air

    The snapshot of XRP Ledger for the widely publicized Spark tokens is slated for 12th December 2020. About 1.5 billion XRP from over 20,000...

    Early XRP Bull Who Benefitted from 50,000% Rally Speaks On How to Spot Parabolic Runs Before They Occur

    A popular XRP investor, who has been part of the crypto community since 2012 and has been bullish about the bankers’ digital token from...

    IOTA Implements Mana to Defend Against Sybil Attacks

    IOTA Foundation has implemented Mana, a new reputation system that is integrated into pollen, to defend against Sybil attacks. A blog post that explains...

    Cardano (ADA) You Keep On Crypto Exchanges Don’t Belong To You –User Buttresses His Viewpoint

    A supposed Cardano investor has recently averred that any ADA holder that chose to keep his/her holdings on cryptocurrency exchanges has little control over...

    More Articles Like This