Crypto commentator Ledger Man (strivex_) recently shared a video clip of David Schwartz, the former Ripple CTO and co-creator of the XRP Ledger, explaining what separates XRP’s consensus mechanism from Bitcoin’s proof-of-work system.
Schwartz Breaks Down the Consensus Advantage
Schwartz described what the Ripple team discovered early on when testing consensus. He said it had several advantages over proof-of-work. The obvious ones he named were financial. Proof-of-work systems require spending millions of dollars to keep the blockchain secure and continuously pull money out of the ecosystem to pay power companies.
But Schwartz pointed to an advantage he called “a little bit less obvious.” In a proof-of-work system, a miner decides what goes into each block. The XRP Ledger removes that single point of control. “Each ledger is determined by a consensus of participants,” Schwartz said. No single party controls what gets recorded.
David Schwartz says $XRP is way better than Bitcoin!
He believes that while Bitcoin started something amazing, its old method is too slow, too expensive, and uses too much power for today's money needs. XRP, with its quick and green system, is built to handle lots of fast, cheap… pic.twitter.com/h0B5NDV6dl
— Ledger Man 🎩 (@strivex_) September 12, 2026
Fairness as a Foundation
Schwartz connected this directly to features the XRP Ledger supports that Bitcoin cannot. He said it makes possible things like the decentralized exchange and arbitrary assets. He explained that “those things require a system that has inherent fairness, rather than people who get to decide the outcomes.”
The absence of a block producer with unilateral authority is not just a philosophical point. Schwartz presented it as the structural reason XRP can support financial tools that go beyond simple transfers of value.
Schwartz Backs XRP’s Potential
This isn’t the first time Schwartz has made a strong case for XRP’s trajectory. During a public X Space, Schwartz said XRP flipping Bitcoin by market cap is more likely to come from a surge in XRP’s price than the Bitcoin collapse.
Schwartz said it “wouldn’t happen from Bitcoin shrinking” but rather from “XRP growing faster than Bitcoin.” He cited the XRP Ledger’s higher functionality and speed as reasons it could capture more growth in an expanding digital asset market.
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The Founding Vision
Ripple co-founder Chris Larsen has also addressed where XRP came from. Larsen previously stated, “In the beginning, we wanted to build a better Bitcoin… and we created XRP.” David Schwartz, Jed McCaleb, and Arthur Britto designed XRP Ledger specifically to address Bitcoin’s speed, cost, and energy limitations.
Schwartz helped build the system. His technical explanation of consensus is based on that experience. He paints the picture of a ledger designed for a financial system that moves faster and costs less.
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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