Ripple CTO, David Schwartz, explains the differences between XRP and Bitcoin (BTC) and the addresses Malleability of transactions


The working mechanism of XRP becomes more transparent for many. During a recent interview on Ripple's official YouTube channel, the Ripple CTO, David Schwartz discussed the differences between Bitcoin (BTC) and XRP.

We also dealt with differences in the malleability of transactions between these two digital currencies. [19659003] There are two main differences between BTC and XRP

Schwartz said that there are two fundamental differences between tokens.

One of them is the fact that XRP uses consensus in place of PoW as BTC and the other is that XRP was created from the beginning in order to have the ability to transfer arbitrary assets like dollars or Yuans.

Schwartz also faced the malleability of transactions, saying that BTC and XRP have similar problems because XRP also has transaction IDs and users are able to mutate the XRP signature.

XRP, to implement its own tracking solution

XRP is working to implement its own solution to allow users to be able to

Schwartz also claimed that, unlike Bitcoin, XRP is not vulnerable in a certain aspect related to the vulnerability of the transactions.

A user does not refer to the previous exits for transaction ID, and instead, refers to them per account. This is the main difference between the two resources.

In other words, a user or miner can not cause another user's transaction jam.

Schwartz also highlighted how XRP works because it does not require the existence of miners like other cryptocurrencies.

"I like to model the protocol in a room full of people who are constantly agreeing with each other, so if you want to run a transaction in XRP, enter this metaphorical room and read the transaction.If the transaction is valid and there is no reason why it should not be agreed, basically everyone in the room nods: "Yes, it seems good," said Schwartz.

[ad_2]Source link