Binance US Reveals XRP Origins and Technology Following Ripple Court Victory
Binance US has shared an overview of XRP and this has caused a new wave of interest in the cryptocurrency following Ripple's case against the U.S
Binance US has shared an overview of XRP following Ripple's case against the U.S Securities and Exchange Commission.
The platform highlighted essential details on XRP, such as its origins, the technology behind it, and its high-volume handling capacity, which has sparked discussions on the possibility of an XRP ETF.
Binance US shared an X thread on August 14, highlighting updates on the Ripple token. The exchange noted that XRP was created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto. It also highlighted that XRP utilizes the XRP Ledger Consensus Protocol, which differs from the proof of work system used by Bitcoin.
According to Binance US, the XRP Ledger boasts a transaction processing capacity of 1,500 transactions per second, showcasing its scalability and efficiency.
These updates from Binance US come shortly after Ripple's legal victory against the SEC, which played a significant role in reviving hope within the XRP community. The platform's updates on XRP appear to be in line with the increasing legal perspective on the cryptocurrency.
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