The cryptocurrency Ripple has warned of a ‘Bitcoin civil war’ as it celebrated a
remarkable quarter in which the virtual currency XRP soared in value by about 1,000 percent.XRP, Ripple’s cryptocurrency, has just enjoyed a ‘quarter for the ages’ which saw its value
shoot up from the price of $0.20 at the beginning of December 2017 to a high of $2.19 just before New Year.
.....He wrote: ‘There were some great advancements in the space. Unfortunately, there were also some concerning
developments, in particular, the very public bitcoin vs. bitcoin cash civil war and concerns around ether (ETH)
and litecoin (LTC) leadership commitment.
‘This may be where XRP most significantly distinguishes itself going forward.’ XRP also became available
across more than 50 exchanges globally which ‘was likely a driver of growth’.
Bitcoin Cash was created on August 1 when a group of Bitcoin miners announced that they would be ‘forking’
to create a new currency which makes trading faster and easier.
Logging transactions on the Bitcoin blockchain is notoriously slow, with between three and 7 logged every second.....
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