logo

Ripple XRP hard fork would be a failure; researcher suggests

Ripple XRP hard fork would be a failure researcher suggests

A blockchain researcher at Aykesubir, Eyal Shani believes that Ripple XRP hard fork would be a failure and he has good reason to believe it.

Forking is the process of copying an existing repository, or in this case — a cryptocurrency. Crypto Bitlord is striving to get his one hundred and two thousand (102,000) Twitter followers to fork XRP.

https://twitter.com/Crypto_Bitlord/status/1170397983201845248

 

Even though this process of copying has been observed numerous times with other cryptocurrencies such as the Bitcoin.Eyal Shani a blockchain researcher at Aykesubir, believes that the task at hand will be very difficult for that in charge of Ripple XRP hard fork and is likely to fail.

Would Ripple XRP hard fork really fail?

Eyal Shani has said that even if the third-largest cryptocurrency is forked by Crypto Bitlord, the individual will face several difficulties while trying to persuade people to support the forked currency and successfully run its network. He believes that these people are less likely to convert to this forked chain.

Weiss Ratings’ Chief Crypto Analyst, Juan M. Villaverde expressed his disbelief over this Ripple XRP hard fork. Villaverde stated that the supporters of the present XRP token possess inadequate resources to empower the cryptocurrency. Thus it is baseless to expect fruitful support for a forked XRP ledger.

Crypto Bitlord has promised to fork the XRP token and launch the cryptocurrency within the next two months, given that Ripple does not put a stop to vending parts of the XRP holdings to financial institutions.

David Schultz, the Chief Technology Officer has stated that people should not expect Ripple to leave XRP alone, or else they will be subject to a lot of disappointment.

Brad Garlinghouse, the Chief Executive Officer of Ripple has stated that the sales do not have any effect on the price and they’re simply there to support the XRP ecosystem.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related News

Hot Stories

India blacklists more tokens amid Binance investigation
Dogecoin price analysis: DOGE slowly retests $0.06, reaction higher overnight? 
Bitcoin, Binance Coin, Cosmos, and FTX Token Daily Price Analyses – 2 October Morning Prediction
ChainLink price analysis: LINK obtains significant bearish momentum in the last 24 hours
Ethereum price analysis: ETH breaks $1,300, ready to drop further?

Follow Us

Industry News

Weekly crypto price analysis: BTC, ETH, XRP, BNB, ADA, and SOL
Solana restarted for the 8th time. What went wrong this time?
LUNC is finally deflationary
Is Africa winning in crypto adoption?
Spanish telco announces Web3 adoption