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XRP technology is better than Bitcoin, says Cory Johnson



Ripple Inc recorded considerable growth in 2018. Its recognition not only from the institutions but also nationally is quite remarkable, and day by day the community of fans and followers of XRP seems to be stronger and more prominent.

According to Cory Johnson, Ripple's chief strategist, the reason for Ripple's popularity is much more than just a propaganda operation. In a recent interview published by Steven Diep, Cory Johnson states that while Bitcoin is built with "poor technology" according to current standards, the development of XRP exceeds it in many ways:

XRP has better TPS capability, better efficiency, better growth … Better technology

For Mr. Johnson, one of the most important features of Ripple's blockchain is the number of transactions per second that each project can handle:

"Bitcoin has real technological limits about the number of transactions you can do at the moment. Not to mention … no one even talks to the minute … XRP does 1500 transactions [per] second."

The processing of a large number of transactions in the shortest possible time is a crucial aspect to ensure a massive adoption and scalability of the project in the future.

For Mr. Johnson, another problem in which XRP turns out to be a better blockchain is related to energy efficiency:

Mining is increasingly expensive … and consumes power … And also the way in which [ineffectively distributes] power to the miners … currently 80% of all bitcoins are mined in China … XRP has no mining.

Johnson also discussed the growth and expectations of his company:

"My company has over 150 clients in finance all over the world: Banks, remittance companies … Many of them use XRP, not all of them are. [The token] It is used to carry out transactions across the border [in order to] lower costs from 400 basis points to 40 basis points. And, from 4 days to 2 minutes. "

Faced with this series of answers, the interviewer asked Mr. Johnson if he considered then that Bitcoin had a lower technology than that implemented by Ripple. The answer was obvious:

I think Bitcoin is a poor technology? Absolutely

Despite Mr. Johnson's statements, it is important to note that Bitcoin is also having essential developments in its architecture. Being an open source platform, no central entity decides the destination or implementations to be applied. The Lightning network is particularly important because, if developed correctly, it could bring Bitcoin into a competitive position with regard to transaction processing per second.

Cory Johnson talks about Stellar

In a subsequent tweet, Cory Johnson referred to Stellar, a project developed by a former member of this company that competes directly with Ripple's technological solutions. While recognizing the preparation of his CEO, Jed McCaleb, Mr. Johnson did not elaborate the project:

"Stellar was created by one of the founders of this company, one of the original creators of XRP, I do not really have an opinion about it, I mean, it's a super smart guy, but to build a really big business that uses resources digitalis, it's a challenge.There are many companies that are developing on XRP, I do not know if many are developing on Stellar Lumens besides Stellar"


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