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.
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.