- Tiffany Hayden Bashes Ripple’s Ledger
- Ripple’s CTO David Schwartz Talks About Upcoming redevelopments in Response to Hayden’s Attack on Ripple.
- The Price of Ripple XRP Moves Lower After a Brief Rally Against The USD.
Ripple News Today – There is hardly a day that goes by in the cryptocurrency community without Ripple entering the news. Yesterday, a former prominent member of the Ripple community, Tiffany Hayden, talked about the disadvantages of XRPL. The word, former, is used because Hayden recently sold all her XRP tokens. After she listed the disadvantages of XRPL in a bid to explain why she decided to sell her assets, the CTO of Ripple, David Schwartz made an announcement.
Ripple News Now – David Schwartz, And Tiffany Hayden Talk About Ripple
According to Mrs. Hayden, XRPL doesn’t provide a real solution for businesses because it lacks the required infrastructure. In her opinion, the network is congested because it is decentralized and unsustainable. She also noted that the single point of failure on the network is due to human error. Hayden’s comments come at a time when investor confidence in the Ripple XRP token is resting on thin ice.
A few hours after Hayden posted the disadvantages of the Ripple ledger, Schwartz announced upcoming improvements on the XRP Ledger. Schwartz acknowledged that the Ripple blockchain has some issues with robustness but they are already working on a plan to redevelop it. A few months ago, he made some suggestions that will fix this particular issue by working on improving the core census of the blockchain. He said that when these changes have been completed, the Ripple blockchain will be capable of issuing stablecoins just like Ethereum. He said that tokens with external value will be integrated into Ripple’s XRP Ledger.
Ripple XRP Price Analysis – XRP’s Recovery Is Short-lived As the Price Starts Moving Downward Against The USD
In our Ripple news yesterday, we talked about how the price of the XRP token was recovering upward against the USD. However, things changed before the end of trading yesterday. Irrespective of the announcement of an upcoming redevelopment and the Ripple News about a partnership with SCB, the price of the token started to drop. At the time of writing, the price of the token was $0.173239. It is only up by 0.53% against the USD but down by 2.78% against the price of BTC. The trading volume over a 24 hour period is $2,030,700,861 and the market capitalization is $7,611,350,776.