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- Independent researchers predict a 1,000% increase in XRP transactions by 2025 due to the sustainable nature of the XRP ledger.
- Ripple supports the open source EW Zero tool, which helps other blockchain companies become carbon-free in partnership with the Energy Web Foundation.
Climate change around the world is unstoppable. Ripple is one of the companies that have long been committed to building a sustainable infrastructure for cross-border transactions. Indeed, sustainable measures to reduce CO2 emissions across all sectors of the global economy could save around $ 26 trillion by 2030. Due to the sustainable architecture of the XRP Ledger, researchers predict a sharp increase in use of XRP.
XRP is up to 61,000 times more energy efficient than Bitcoin
As Crypto News Flash has already reported, Bitcoin’s energy consumption rose to an annual consumption equivalent to that of Portugal in 2019. This makes XRP 61,000 times more energy efficient than BTC. If one million transactions were made with XRP, 79,000 light bulbs could run on electricity for more than a year. In the case of BTC, more than 4.51 billion light bulbs could be powered with electricity for one year for 1 million transactions.
Ripple is therefore pushing the sustainable orientation of the XRP ledger and is performing excellently against the major cryptocurrencies. As the company announces in a new report, Ripple is committed to achieving a zero-carbon goal by 2030. Ripple is working with the XRP Ledger Foundation, Energy Web, and the Rocky Mountain Institute to achieve this.
Using the open source EW Zero tool, XRP Ledger is expected to reduce its carbon consumption step by step. According to the new report, independent researchers predict that XRP transactions could increase by up to 1,000% by 2025 due to the “green architecture” (low power consumption):
With independent researchers suggesting that XRP transactions could grow by over 1000% by 2025, this has huge implications for energy saving and reducing the carbon footprint of blockchain-based finance.
This development is mainly due to an increasing environmental awareness of companies and the population. For example, BlackRock, the world’s largest wealth manager, also supports its companies in sustainable investing, sustainable product development and in discussing climate-related risks with companies.
Ripple has also joined the Center for Climate Alligned Finance initiative launched by the Rocky Mountain Institute. This conglomerate is committed to bringing together the world’s largest financial service providers to shape a low-carbon and sustainable economy and society. New financial technologies, such as Blockchain, can make a decisive contribution to having a long-term positive impact on the climate.
Ripple CTO signs up for Spark Token Airdrop
The airdrop for the Flare Network Spark Token will take place on 12 December 2020. David Schwartz, CTO of Ripple, supports the project and informed the community on Twitter that he has signed up. XRP owners can secure their free Spark tokens using a tool from the XUMM and XRPToolkit banking app.
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