Ripple and XRP News
Founder of XRP Ledger and CTO at Ripple, David Schwartz, Talks about NFTs
CTO(Chief Technology Officer) Ripple and founder of XRP Ledger, David Schwartz, has spoken once again regarding prospects of NFTs on XRPL.
Ripple, NFTs and Environment
In a recent interview with Cointelegraph’s Rachel Wolfson, Schwartz stated, referring to a speech at NFT NYC, that his talk at the platform was mostly about the carbon neutral NFTs on the XRP Ledger, which solves the high energy consumption problem and while he noted that it is not possible to prevent climate change in the blockchain space he added, at least the community could stop it from becoming a lot worse. He further asserted that the problem is not of technical nature as we know how to not use excessive energy, it is just that people needed to be convinced about the adoption of environment-friendly technologies.
Reason of the Problems People Face in NFT Space
He stated though Ripple made a bit delayed entry in the NFT space, if the NFTs are successful they are still pretty early. He noted when they began looking at how the people use NFTs, they realised most of the problems people face are due to technology under use being primitive. He explained part of Ethereum’s low tps and high transaction fee is because more flexible technologies could be built on the blockchain as he added that people are already doing complex things on XRP Ledger but because of the technicals they are not actually required to be right at the ledger.
Schwartz told that although they do not have these capabilities on XRPL at the moment, the tokens could still be minted on it and because the XRPL is a decentralized exchange(DEX) too users could also issue new tokens. He added it is a fundamental engineering tradeoff, to some extent, as XRP Ledger is fast and payments are cheap.
It has to be noted that Ripple is lately getting into NFT space rather ambiguously as they have recently found a $250 million NFT Fund.
The Role of Artificial Intelligence in Crypto Trading
90% of Business Leaders Believe Crypto to Have Significant Impact on the Business, Ripple Reports
XRP Records Inflows While Investment in Crypto Goes Down by $232 Million
Lawyer John E. Deaton Says XRP Holders were Always Right as He Posts a Key Footnote
10 Best Crypto Auto Trading Platforms : Reviewed for 2023
Recent Press Release
5 Easy Loans to Get Approved For
Easy-to-approve loans are usually available within minutes or hours of your application. Unlike traditional banks and other lending institutions, lenders...
Maximizing Passive Income with NFT Investments and Cloud Mining
NFTproX is an innovative platform for buying and selling NFTs (Non-Fungible Tokens), which utilizes blockchain technology to provide investors with...
Easy Cloud Mining Passive Income with Gbitcoins
With the rise in the wide adaptability of cryptocurrencies, there is an emerging need to generate ways to earn from...
Top 15 Ways to Invest in Cryptocurrency
Investors invest in cryptocurrency because they think that as a particular cryptocurrency’s value increases, so will demand it. You can...
Stay on Top of Your Crypto Game with Live Coin Watch Mobile App
After a successful launch of its popular iOS app, Live Coin Watch is thrilled to unveil its mobile app for...