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Ripple Exec Clears The Air On Blocked XRP Transactions – When Does It Happen?

Former Ripple CTO David Schwartz clarified that Ripple cannot block transactions or freeze wallets on the XRP Ledger (XRPL). He explained that valid transactions can only be prevented if users collectively change the network’s validity rules. Schwartz also refuted claims that the XRPL is centralized due to Ripple’s Unique Node List, stating that such assertions are "objectively nonsensical." He emphasized that the XRPL was intentionally designed to be decentralized, ensuring that no single entity, including Ripple, can control or censor transactions. Schwartz noted that even if Ripple had such power, using it would destroy trust in the network. He also addressed comparisons to Bitcoin, highlighting key differences in how consensus is achieved between the two networks.

bitcoinist03/01 10:02

Ripple Exec Clears The Air On Blocked XRP Transactions – When Does It Happen?

bitcoinist03/01 10:02

Industry Expert Predicts Complete Bitcoin Collapse – Here’s The Timeframe

Justin Bons, founder and CIO of CyberCapital, predicts Bitcoin could face a total collapse within the next 7 to 11 years. He argues that Bitcoin’s security model is fundamentally flawed due to its halving mechanism, which reduces block rewards for miners every four years. As rewards decline, miner revenue decreases, undermining the economic incentives that secure the network. Bons contends that rising hashrate does not equate to stronger security, as improved mining efficiency lowers the cost of potential attacks. He warns that within two to three halving cycles, the cost of executing a 51% attack could become economically viable, especially through double-spend attacks on exchanges. Without increasing Bitcoin’s fixed supply—a highly contentious change—the network may eventually become vulnerable to collapse.

bitcoinist01/18 10:02

Industry Expert Predicts Complete Bitcoin Collapse – Here’s The Timeframe

bitcoinist01/18 10:02

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