Has XRP been created to fix Bitcoin defects?

As the market recovers from crypto-winter, various crypto fans have come forward to give their personal insights into the current market dynamics. For some time, some people think that some cryptos are better than the market leader, Bitcoin. According to one tweet by an XRP fan who believes that XRP is currently better than Bitcoin. Bitcoin Basher had some arguments to this effect.

I left BTC for XRP because it became apparent that the XRPL was faster, cheaper and had a higher throughput than the BTC network. The XRPL is also more decentralized. Businesses connecting almost daily to use RippleNet.

Network speed

First, he argued that, compared to Bitcoin, the XRP protocol offers a much higher network speed, which makes it faster in transaction processing, in addition to a higher bitrate than Bitcoin.

The high processing speed has prompted many financial institutions to join Ripple's RippleNet to use xRapid and use the XRP as the main currency for cross-border funds transfers.

However, in this regard, it should be noted that the recent launch of Bitcoin's Lightning Network has significantly increased the scalability and speed of the network.

Cheaper expenses

Buckor, the tweet poster, went on to claim that the XRP network was supporting much lower transaction processing fees than the Bitcoin network.

Although the value of the transferred cryptos may be incomparable between them, since Bitcoin is much more valuable than XRP, Buckor's point about the fees charged per transaction may be true.

More decentralized?

First of all, everyone knows that the basic concept of cryptocurrencies is ultimate decentralization. Although the degree of decentralization of some cryptos on the market can be discussed, it is also undeniable that Bitcoin was the first secure and decentralized encrypted network.

As such, Buckor's claim that the XRP might be more decentralized than Bitcoin may not work in its favor, especially considering that the XRP was created by a private entity. On the other hand, the creator of Bitcoin is still anonymous and does not interfere with him or the dynamics of the market.

XRP Bitcoin 2.0 is it?

Commenting on the tweet, another Twitter user m said that XRP can be described as Bitcoin 2.0 as well.

"I left Bitcoin for XRP because XRP was created to fix the flaws of Bitcoin, XRP, it's Bitcoin 2.0"

The user then explained that XRP had been created to fix the flaws discovered in Bitcoin. However, the question of whether this opinion is valid remains to be debated.