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A New Project Built With XRPL Is Here To Fight The Lightning Network
The crypto world was acquired in another major development aimed at implementing Bitcoin Conflicts with transactions and the Lightning Network. This time around came a moment of glory for SpendTheBits, a project built on his XRP Ledger that recently received tremendous support from the entire XRP community.
Briefly describing their own project, SpendTheBits states that using the precisely XRPL blockchain will make BTC transactions much faster and cheaper than they are today. At the same time, pro XRP activist and CryptoLaw founder John Deaton said: highlight Another positive aspect of the project.
That’s the beauty of the underlying technology.of #XRPledger is an open, permissionless distributed ledger technology with a focus on being open and permissionless.
Jay Cambo didn’t ask for permission – he just started construction.
John E Deaton (213,000 followers beware of scammers) (@JohnEDeaton1) September 10, 2022
According to crypto attorneys, the SpendTheBits case XRP Ledger Using open-source code and implementing the technology without requiring permission from Ripple or anyone else proves once again that the SEC’s claims against Ripple and XRP are completely ridiculous. Deaton says it’s a Satoshi-esque technique.
The most important feature of the project is undoubtedly the use of XRP in transactions. combustion process. So, in addition to being used for account activation, XRP is burned with every BTC transaction via the XRP Ledger blockchain.
It’s also worth clarifying that when creating Bitcoin In transactions via the SpendTheBits app, users submit synthetic I-owe-you versions of cryptocurrencies, such as Coinbase’s xBTC and 21Shares fund’s sBTC.
