During the Ripple Swell Conference 2018, the company has delivered a lot of news and has made a lot of claims. The two day event brought in a lot of heavy hitters in the crypto ecosystem, and even brought in former President Bill Clinton. Ripple announced the launch of xRapid, as well as even saw the cryptocurrency peak above the second largest digital asset by market cap, Ethereum. The company is quickly making a name for itself as an important token to seriously consider.
While many altcoins finding their prices infinitely smaller than the flagship cryptocurrency, many have taken to comparing technical specs in order to showcase their potential value to the crypto community. However, this promotional tactic generally involves cherry picking specific aspects of Bitcoin to compare against. This trend even found Ripple Labs CEO, Brad Garlinghouse, comparing XRP to Bitcoin in an attempt to prove its superiority.
Garlinghouse, sat for an interview with media outlet, Cheddar, making claims that Ripple’s XRP transaction speed and transference fees are significantly outperforming Bitcoin. He believes that the XRP altcoin will be the premiere coin of the future within the cryptocurrency industry.
Garlinghouse commented in the interview:
“I really don’t think about the price performance. I do think about the technical performance. And I think about the fact that XRP is about 1,000 times faster than a Bitcoin transaction and about 1,000 times less expensive than a Bitcoin transaction. XRP has demonstrated it is the most efficient digital asset to solve a payment problem.”
In an effort to combat some of the negative technical aspects of the XRP coin and Ripple’s RippleNet, the company has gone to great lengths to distance itself from some the critiques that the community has slung against them. The company has expressed that the Ripple blockchain is decentralized, and claiming that Bitcoin is a more centralized coin. The community does have division within its ranks, with some citing that you can’t even mine XRP, making it an insta-mined centralized database coin, while others alleged that BTC is the more centralized with over half of the mining controlled by, crypto derisive China.