Pundit Says XRP Is the Elon Musk’s Starlink of the Crypto World. Here’s why

XRP has once again become the subject of debate in the cryptocurrency space after blockchain advocate John Squire (@TheCryptoSquire) offered a high-profile comparison among XRP, Bitcoin, and Ethereum, the three largest assets in the crypto market.

In a recent post, Squire suggested that XRP addresses several of the limitations found in older blockchain systems, specifically those related to speed and efficiency. In his words, “Bitcoin is a landline, Ethereum is a cell phone, XRP is Starlink with no lag.”

XRP has often been compared to Tesla and other ventures by Elon Musk, and Squire’s post quickly gained traction on X, with many commenters supporting his view that XRP offers more practical value in areas requiring fast and reliable transaction processing.

Challenging Limitations of Legacy Assets

Bitcoin remains constrained by slow block times and a proof-of-work system that is often criticized for its inefficiency. Bitcoin processes new blocks approximately every ten minutes, and a popular crypto YouTuber recently showed a five-hour BTC transaction to highlight the cryptocurrency’s problems. Ethereum, while offering greater functionality through smart contracts, also struggles with high network fees and variable performance under heavy use.

In contrast, XRP is designed to support fast and inexpensive transfers, with an average settlement time of just a few seconds. Transaction costs are typically less than a cent, making it one of the more cost-effective networks available.

These attributes have made the asset a popular option among institutions that prioritize transaction speed and operational costs, such as banks and payment service providers. Many experts believe Bitcoin and Ethereum cannot compete with XRP in the global payment space.

XRP Army Weighs In

Panos Mekras recently questioned why anyone would hold BTC or ETH when XRP is fundamentally better. He described the asset as more sustainable and secure, and the “OG  DeFi chain with everything built-in and no smart contract risks.”

One commenter noted that Squire’s comparison reflects blockchain’s evolution, stating that Bitcoin laid the foundation, Ethereum added flexibility, and XRP is the next generation with a global reach and real-world utility.

Red Cocktail, another commenter, said each currency defines an era, with XRP leading today. He also predicted a massive explosion once the global system shifts to the ISO 20022 standard. Another commenter likened the shift to software cycles, viewing XRP as the most advanced and scalable.

While XRP has its skeptics, many supporters believe it is the best asset to lead the market. Although Bitcoin continues to be viewed by many as a long-term store of value, and Ethereum remains central to the dApp development, XRP is best suited for use cases that demand speed and scalability.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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