>>60675344I suggest you learn about XRP and what sets it apart from competitors in the L1 sector and then make a conclusion based on that. Personally, I was not convinced.
XRP was revolutionary when it came out but since then the competition has gotten quite fierce.
- A lot of blockchains offer fast transactions and low transaction costs. - - The concensus mechanism (federated byzantine agreement) is more suited for institutions since it is centralized by design. A centralized ledger is not really attractive to retail and institutions have other solutions to choose from (corda r3, hyperledger, oracle).
- The 'global liquidity layer' is a pretty cool idea, but seems kind of redundant with interoperability solutions + stablecoins. It would work if everyone got on board with that.
- The fee burning is good but extremely slow and it might take years of widespread adoption before it makes a dent in the total supply.
- no smart contracts yet
Overall it's a fast and elegant solution but at this market cap, it faces far too much competition for me to make a bet on it.
Just my 2c