Ripple’s CTO Fires Back in XRP vs. Litecoin Debate, Calling Energy Use a “Fatal Flaw” for PoW
- The XRP vs Litecoin narrative has trickled down to whether the former is a security or a commodity.
- David Schwartz believes that XRP will thrive globally amid the energy crisis triggered by AI demands.
- The XRP bullish growth is heavily bolstered by higher institutional demand compared to Litecoin.
The long-running rivalry between the XRP and Litecoin communities has escalated, drawing in Ripple’s Chief Technology Officer, David Schwartz. In a sharp rebuttal to claims that Litecoin’s Proof-of-Work (PoW) model makes it superior, Schwartz argued that its high energy consumption is a fatal flaw, not a feature, reigniting a core debate about the future of blockchain consensus.
The Core Debate: Is Energy-Intensive Proof-of-Work a Feature or a Bug?
The feud kicked off when members of the Litecoin community argued that LTC is a true commodity, like Bitcoin, because it costs real-world energy to mine.
Litecoin camp’s argument
According to community member Jonny Litecoin, argued that LTC’s value is derived from its PoW consensus, questioning the value of XRP, which was “created for free out of thin air… by a company.”
Moreover, Ripple is a major player in …
The post Ripple’s CTO Fires Back in XRP vs. Litecoin Debate, Calling Energy Use a “Fatal Flaw” for PoW appeared first on Coin Edition.
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Ripple’s CTO Fires Back in XRP vs. Litecoin Debate, Calling Energy Use a “Fatal Flaw” for PoW
- The XRP vs Litecoin narrative has trickled down to whether the former is a security or a commodity.
- David Schwartz believes that XRP will thrive globally amid the energy crisis triggered by AI demands.
- The XRP bullish growth is heavily bolstered by higher institutional demand compared to Litecoin.
The long-running rivalry between the XRP and Litecoin communities has escalated, drawing in Ripple’s Chief Technology Officer, David Schwartz. In a sharp rebuttal to claims that Litecoin’s Proof-of-Work (PoW) model makes it superior, Schwartz argued that its high energy consumption is a fatal flaw, not a feature, reigniting a core debate about the future of blockchain consensus.
The Core Debate: Is Energy-Intensive Proof-of-Work a Feature or a Bug?
The feud kicked off when members of the Litecoin community argued that LTC is a true commodity, like Bitcoin, because it costs real-world energy to mine.
Litecoin camp’s argument
According to community member Jonny Litecoin, argued that LTC’s value is derived from its PoW consensus, questioning the value of XRP, which was “created for free out of thin air… by a company.”
Moreover, Ripple is a major player in …
The post Ripple’s CTO Fires Back in XRP vs. Litecoin Debate, Calling Energy Use a “Fatal Flaw” for PoW appeared first on Coin Edition.
Read More
Why is Litecoin’s Trading Volume Soaring High Today?