Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
David Schwartz
Ripple Reacts to Research Revealing Empty XRP Transactions
A research paper was published on the website of Cornell University claiming that just 2 percent of all XRP transactions resulted in value transfers. The researchers noted that the majority of transactions on the XRP Ledger had zero value (that is, empty), which is a cryptocurrency version of spam. A software engineer and PhD student at Imperial College London was in charge of the published research which revealed the predominant spam on EOS and Tezos network traffic. Ripple responded to the research paper but…
5 years ago
Ripple’s CEO Says XRP, Bitcoin, and Blockchain Networks Will Continue to Make Changes Slowly
David Schwartz, Ripple’s CEO, says Bitcoin, XRP, and other distributed ledgers will continue to evolve slowly with great care and thoroughness. Schwartz was speaking in the web series Ripple Drop. He also talked about the XRP Ledger’s unharried improvement, which started with a few nodes in 2011. Still, it is now utilized to power international payment transactions involving billions of dollars. Over the years, the XRP experienced significant changes in less than a decade; however, Shwartz insisted that blockchain systems’…
5 years ago