{"id":9117,"date":"2024-03-21T14:15:38","date_gmt":"2024-03-21T14:15:38","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/primary-threat-to-xrp-ledger-uncovered-guess-what-it-is\/"},"modified":"2024-03-21T14:15:38","modified_gmt":"2024-03-21T14:15:38","slug":"primary-threat-to-xrp-ledger-uncovered-guess-what-it-is","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/primary-threat-to-xrp-ledger-uncovered-guess-what-it-is\/","title":{"rendered":"Primary Threat To XRP Ledger Uncovered, Guess What It Is?"},"content":{"rendered":"

XRP Ledger and Ripple are at a fork in the road, as several speculations regarding Ripple being the major threat to the XRPL emerge within the cryptocurrency community questioning the independence of the initiative. The XRP Ledger is well-known for its speed, security, and low transaction fees reaching multiple significant milestones since it was introduced.<\/p>\n

<\/span>Ripple Emerges As XRP Ledger\u2019s Biggest Threat<\/span><\/h2>\n

In a heated conversation<\/a>, Onledger asserted that the \u201cgreatest threat to the XRP ledger is the team everyone idolizes (Ripple),\u201d and is presently looking to inflict additional harm by hiding its XRP sales through the Ethereum Virtual Machine (EVM) sidechain.<\/p>\n

Onledger further claimed that there is \u201cno other explanation\u201d for why the payment firm is rushing with hooks unless \u201cXAHAU and hooks pose a threat.\u201d Although Hooks would provide smart contract capability to the XRPL, it is important to note that Ripple has demonstrated prudence in this regard.<\/p>\n

The post read:<\/p>\n

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Been saying it for ages. The team that everyone looks up to, Ripple, poses the greatest threat to the XRPL. They will now use EVM to shit on everyone even more. There is no other reason why they are suddenly using hooks except because XAHAU and hooks pose a threat.<\/p>\n<\/blockquote>\n

According to Onledger, the only reason why Ripple is thinking about implementing an EVM sidechain is hooks.\u00a0Moreover, they claim that the payment company is adopting the EVM sidechain in order to \u201cwrap its XRP and sell it off anonymously.\u201d However, this was something they were unable to accomplish while utilizing \u201cnative smart contract capability.\u201d As a result, Ripple is now quiet about the EVM sidechain, which is why no one has come across anyone willing to \u201crun witness servers.\u201d <\/p>\n

Ripple Chief Technology Officer (CTO) David Schwartz has weighed in on the subject, refuting Onledger\u2019s claims.\u00a0In response to the allegations, Schwartz stated that the financial firm would not need to take such drastic measures if it truly intended to conceal its XRP sales over time. \u201cRipple can sell as many tokens as we want on crypto exchanges with less responsibility than selling them on blockchains,\u201d Schwartz stated.<\/p>\n

<\/span>Exchanges Do Not Provide Anonymity<\/span><\/h2>\n

Meanwhile, Onledger disputes Schwartz\u2018s statement saying that \u201ccryptocurrency exchanges do not provide for Ripple\u2019s anonymity,\u201d while drawing attention to a previous statement made by the CTO regarding the firm\u2019s ODL-related sales with a United States Nexus.<\/p>\n

It is noteworthy that in July 2023, concerns about sales related to ODL were raised when a US court ruled in favor of the US Securities and Exchange Commission (SEC) and declared that XRP, which Ripple offers institutional investors, is a security.<\/p>\n

Onledger believes that Ripple is utilizing the EVM to make their operations anonymous. However, Schwartz once again responded, saying that \u201cno one else knows who we are, but the exchanges do.\u201d<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP Ledger and Ripple are at a fork in the road, as several speculations regarding Ripple being the major threat to the XRPL emerge within the cryptocurrency community questioning the independence of the initiative. The XRP Ledger is well-known for its speed, security, and low transaction fees reaching multiple significant milestones since it was introduced. […]<\/p>\n","protected":false},"author":1,"featured_media":9118,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Primary Threat To XRP Ledger Uncovered, Guess What It Is? - Bitrabo","description":"XRP Ledger and Ripple are at a fork in the road, as several speculations regarding Ripple being the major threat to the XRPL emerge within the cryptocurrency co"},"footnotes":""},"categories":[316],"tags":[2715,843,2713,1507,2714,517],"class_list":["post-9117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-guess","tag-ledger","tag-primary","tag-threat","tag-uncovered","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/9117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=9117"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/9117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/9118"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=9117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=9117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=9117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}