Crypto War Continues: Ripple (XRP) CTO Claps Back at Litecoin

  • XRP CTO defends energy efficiency over Litecoin’s PoW consensus model.
  • Litecoin’s controversial social media post intensifies crypto rivalry with XRP.
  • XRP dominates institutional adoption, leaving Litecoin behind in market support.

The rivalry between the XRP and Litecoin communities has reached a new level of intensity, with Ripple’s Chief Technology Officer, David Schwartz, stepping into the debate.


In a recent response to claims from the Litecoin camp, Schwartz criticized Litecoin’s energy-intensive Proof-of-Work (PoW) model, calling it a flaw rather than a feature. His remarks reignited the ongoing discussion about energy consumption in blockchain technology and its long-term impact.


The value of the PoW mechanism in Litecoin has long been argued in defence by Litecoin community member Jonny Litecoin. According to them, similarly to Bitcoin, Litecoin needs to be mined in real life, creating additional value.


Jonny Litecoin directed his aim at XRP, arguing that it was free and mined out of thin air by a company in the first place, not by mining or staking. He also criticized Ripple because it was allotting 1 billion XRP tokens to its escrow account every month, questioned the value of XRP, and called it centralized.


Also Read: BitMine Acquires $64.7M in ETH, Pushing Toward 5% of Total Ethereum Supply


Contrastingly, David Schwartz opined that the future of blockchain technology would depend on its energy efficiency. He noted that when two assets are essentially similar but one of them uses a lot more energy, the more efficient one will tend to become the choice in the long term.


Since the cost of energy is increasing worldwide, Schwartz highlighted that blockchain projects with a more efficiency-driven scope would be in a better place to grow sustainably.


Litecoin’s Controversial Social Media Jabs at XRP

Litecoin recently escalated tensions further by taking a direct jab at XRP via a tweet from its official account. The tweet compared XRP whales to the heartbeat of a blue whale, saying, “You can hear a blue whale’s heartbeat from over two miles away, which is the complete opposite of XRP whales since they’re all dead on the inside.”


The tweet was met with a mix of reactions—some users found it humorous, while others dismissed it as ineffective. Decentralization and quick transactions have been a long-running presence in the Litecoin community and have been used in contrast to the XRP use case of cross-border payments.


This was one in a series of provocative statements by the Litecoin community; a similar tweet had been made comparing the XRP tokens with the scent of rotten eggs, urine, and almonds. These insults underline the increasing conflict between the two cryptocurrencies and their respective fan bases.


XRP’s Institutional Advantage

Despite the ongoing social media feud, XRP continues to lead in institutional adoption. XRP has seen significant support, with over a dozen spot ETF filings and nearly $1.4 billion in investment inflows.


In comparison, Litecoin has attracted only $4.71 million. With a market cap more than 30 times that of Litecoin, XRP is positioned to lead the race for future dominance, especially as energy efficiency and institutional backing become key factors in the cryptocurrency landscape.


Also Read: Ripple Expands RLUSD Stablecoin in Africa, Offering Regulated Digital Dollar for Institutional Use


The post Crypto War Continues: Ripple (XRP) CTO Claps Back at Litecoin appeared first on 36Crypto.

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World Liberty Financial Ownership Shake-Up: Trump Family Cuts Stake During Stablecoin Push

World Liberty Financial Ownership Shake-Up: Trump Family Cuts Stake During Stablecoin Push

Key Takeaways: Trump’s company reduced its stake in World Liberty Financial from 60% to 40%. The move follows earlier cuts from a 75% holding and came without public disclosure. Trump earned $57.4 million from the project over a 12-month span ending in December 2024. Donald Trump ’s company has reduced its stake in World Liberty Financial from 60% to 40%, according to website disclosures reviewed by Forbes in a report published on June 19. The adjustment was made without a public announcement, suggesting a behind-the-scenes divestment during his presidency. Divestment From World Liberty Financial World Liberty Financial launched in September 2024 as a crypto venture backed by the Trump family. Early filings showed DT Marks DEFI LLC, a Trump-controlled entity, held a 75% stake. The holding dropped to 60% by January 2025, around the time of Trump’s second inauguration. A court-appointed monitor also received notice of an intended partial stake sale around that period. The venture has since recorded over $550 million in token sales, and recently announced a dollar-linked stablecoin. A $2 billion commitment from a UAE investment firm gave the stablecoin initial traction. By June 5, the company’s value had been informally compared to Circle, which went public the same day. According to the report, changes to World Liberty’s website after June 8 show DT Marks DEFI LLC now holds roughly 40% of the company. While no specifics were released, Forbes estimated the sale could have generated about $190 million, with approximately $135 million potentially accruing to Trump personally if the valuation aligns with Circle’s. Milestone achieved: the first USD1-exclusive IDO with @saharalabsAI on @Buidlpad was a big success—$59M USD1 contributed! https://t.co/ScJR3HFqrP — WLFI (@worldlibertyfi) June 17, 2025 Trump Made $57.4 Million From WLFI President Donald Trump earned $57.4 million from World Liberty Financial over a roughly 12-month period ending in December 2024, according to a financial disclosure released on June 14. The figure represents the income from the sale of nontransferable $WLFI tokens and related products, including USD1, the company’s stablecoin. The Trump family collectively holds 22.5 billion tokens of the project. Trump’s earnings are routed through the Donald J. Trump Revocable Trust, which is overseen by Donald Trump Jr. and allows the president to collect business income while in office. Despite mounting scrutiny from lawmakers, the Trump administration has continued to advance digital asset policies, including stablecoin legislation passed in the Senate earlier this month. Frequently Asked Questions (FAQs) Could the sale of ownership affect Trump’s influence over the company? While a reduced stake lowers financial exposure, control could still remain strong depending on the operating agreement. Influence isn’t solely determined by equity percentage but also by governance structures within the LLC. How are foreign governments reacting to the project? Some governments, including Pakistan, have cited Trump’s backing as a credibility marker. The project’s association with a sitting president may influence international perception and adoption. What are lawmakers concerned about with World Liberty’s foreign ties? Critics argue that partnerships with foreign-backed entities, especially in sensitive sectors like finance, may present ethics or national security risks when linked to a sitting president’s business interests.
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CryptoNews2025/06/20 04:45
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