XRPL Validator Claims Consensus Mechanism Outperforms Bitcoin

An XRP Ledger (XRPL) validator has claimed that the XRPL consensus mechanism is more suitable for long-term network operations than Bitcoin's proof-of-work method.

The validator, Hussein Janganeh, stated in a video presentation that while Bitcoin's mining rewards steadily decline due to halvings, XRPL reaches consensus without mining rewards, reducing long-term cost burdens.

Janganeh pointed out that 95.5 percent of Bitcoin's maximum supply of 21 million BTC is already in circulation, and mining rewards will inevitably change as new issuance shrinks sharply.

He noted that if block rewards fall to a negligible level, miners may rely more on transaction fees, which could lead to instability in the network.

The XRPL validator emphasized that the current operating structure matters far more than the initial token distribution method and forecasted that new users of cryptocurrencies will place greater importance on how efficiently a network operates now rather than its initial distribution method.