- By Pierre-Alexandre
- January 18th, 2019
Ryan Zagone (Ripple's director of Regulatory Relations) was recently participating in the DC's Fintech Week in Washington.
He explained why policy uncertainty has limited cryptocurrency adoption.This is the new challenge the digital asset industry is facing.
80% of the mining of Bitcoin is controlled by 6 mining pools, 5 are located in China. Ryan details what are for him the main advantages of Ripple over Bitcoin:
XRP doesn't depend from mining
XRP is consuming less electricity than Visa
XRP already scales to 1500 transactions per secondes.
According to Ryan, all the problems of Bitcoin have already been solved and it's now time to get more clarity on regulations, which will help to build a new playing field for the blockchain and crypto industry.
Ryan Zagone explains why PoW is useless for adoption. In the middle IMF’s Deputy General Counsel Ross Leckow! On the right side 2 bitcoin maximalist. pic.twitter.com/Jh2N2E2sSz— XRP VETERAN ✖️ (@XRP_VETERAN) January 16, 2019
Another interesting thread is this tweet from Michael de Castillo on the top 100 richest addresses in XRP that own 79% of all the XRP in circulation:
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