XRP’s Energy Efficiency Outshines Bitcoin, Claims Ripple President

Ripple’s Monica Long asserts that the XRP Ledger is significantly more energy efficient than Bitcoin due to its unique consensus algorithm. Ripple’s recent acquisition of Hidden Road for $1.25 billion aims to enhance transaction capabilities. The conclusion of the legal battle with the SEC also allows Ripple to move forward unimpeded in the cryptocurrency space.

The ongoing debate between XRP and Bitcoin has intensified, particularly with Ripple’s recent statements regarding energy efficiency. Ripple President, Monica Long, highlighted in a video that the XRP Ledger operates with significantly lower energy consumption compared to Bitcoin, primarily due to its unique consensus algorithm instead of the energy-intensive Proof of Work used by Bitcoin.

Long stated that the XRP Ledger’s energy efficiency is 120,000 times greater than Bitcoin’s mechanism. This efficiency extends beyond cryptocurrencies, with the XRP Ledger also proving to be more sustainable than traditional cash due to its advanced technology for transaction confirmations.

Ripple is making significant efforts to integrate traditional finance into blockchain technologies, recently acquiring a brokerage firm, Hidden Road, for $1.25 billion. This acquisition aims to channel Hidden Road’s $3 trillion annual transaction volume into the XRP Ledger, potentially enhancing the value of XRP and further solidifying Ripple’s position in the market.

Additionally, Ripple’s prolonged legal battle with the SEC regarding XRP’s classification has concluded favourably, allowing the firm to advance unaided by legal constraints. This outcome opens new opportunities for Ripple and its products, particularly the RLUSD stablecoin.