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Ripple CTO David Schwartz Criticizes Bitcoin For Not Being Eco-Friendly Like XRP

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Vincent Mislos

Ripple CTO David Schwartz criticized Bitcoin in a new blog post that claims XRP’s consensus mechanism is more environmental-friendly than BTC’s proof-of-work (POW), which ‘consumes a lot of energy and ultimately harms the environment’. XRP, Ripple posited, is a cryptocurrency created with sustainability in mind.

Schwartz said the creation of money, whether fiat or not, is not eco-friendly. As such, money creation has long-term consequences on nature.

According to the CTO, cryptocurrency was meant to avoid these environmental consequences, however, he believes digital tokens created through proof-of-work is an energy-intensive process. He cited Bitcoin, which uses PoW mining to validate ...

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