The post Ripple CTO Torches Litecoin Influencer Over XRP Attack appeared on BitcoinEthereumNews.com. David Schwartz, chief technology officer at enterprise blockchain firm Ripple, has joined the ongoing feud between the XRP and Litecoin communities.  On Wednesday, Litecoin influencer Jonny Litecoin (@jonnylitecoin) stated that the “silver to Bitcoin’s gold” was actually superior to XRP since new coins enter circulation via a proof-of-work (PoW) system that actually requires computational resources.  On the other hand, XRP is created with just lines of code “for free” and “out of the thin air,” as the Litecoin influencer argues. Hence, he has questioned whether or not the XRP network actually has any value despite the fact that the token’s market cap currently stands at $709 million. You Might Also Like In the meantime, Schwartz argues that Litecoin and XRP are essentially equivalent products, but the difference is that the former actually requires way more energy. Hence, the Ripple CTO is implying that XRP will gain more popularity due to its sustainability. Of course, it should be noted that Ripple has long been promoting XRP’s “green cred.” In fact, co-founder Chris Larsen went as far as teaming up with Greenpeace to advocate against Bitcoin’s proof-of-work consensus algorithm, which is also powering Litecoin. PoW cryptocurrencies have been framed as wasteful and environmentally harmful.  Reigniting long-simmering feud The proponents of proof-of-work cryptocurrencies, such as Bitcoin and Litecoin, have long been at loggerheads with the XRP community.  As reported by U.Today, the official X account of the Litecoin cryptocurrency recently reignited the long-simmering feud by attacking XRP and mocking CEO Brad Garlinghouse. Despite receiving violent clapback from the members of the XRP community, whoever was managing the Litecoin account refused to back down.    Source: https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attackThe post Ripple CTO Torches Litecoin Influencer Over XRP Attack appeared on BitcoinEthereumNews.com. David Schwartz, chief technology officer at enterprise blockchain firm Ripple, has joined the ongoing feud between the XRP and Litecoin communities.  On Wednesday, Litecoin influencer Jonny Litecoin (@jonnylitecoin) stated that the “silver to Bitcoin’s gold” was actually superior to XRP since new coins enter circulation via a proof-of-work (PoW) system that actually requires computational resources.  On the other hand, XRP is created with just lines of code “for free” and “out of the thin air,” as the Litecoin influencer argues. Hence, he has questioned whether or not the XRP network actually has any value despite the fact that the token’s market cap currently stands at $709 million. You Might Also Like In the meantime, Schwartz argues that Litecoin and XRP are essentially equivalent products, but the difference is that the former actually requires way more energy. Hence, the Ripple CTO is implying that XRP will gain more popularity due to its sustainability. Of course, it should be noted that Ripple has long been promoting XRP’s “green cred.” In fact, co-founder Chris Larsen went as far as teaming up with Greenpeace to advocate against Bitcoin’s proof-of-work consensus algorithm, which is also powering Litecoin. PoW cryptocurrencies have been framed as wasteful and environmentally harmful.  Reigniting long-simmering feud The proponents of proof-of-work cryptocurrencies, such as Bitcoin and Litecoin, have long been at loggerheads with the XRP community.  As reported by U.Today, the official X account of the Litecoin cryptocurrency recently reignited the long-simmering feud by attacking XRP and mocking CEO Brad Garlinghouse. Despite receiving violent clapback from the members of the XRP community, whoever was managing the Litecoin account refused to back down.    Source: https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attack

Ripple CTO Torches Litecoin Influencer Over XRP Attack

2025/09/04 15:13

David Schwartz, chief technology officer at enterprise blockchain firm Ripple, has joined the ongoing feud between the XRP and Litecoin communities. 

On Wednesday, Litecoin influencer Jonny Litecoin (@jonnylitecoin) stated that the “silver to Bitcoin’s gold” was actually superior to XRP since new coins enter circulation via a proof-of-work (PoW) system that actually requires computational resources. 

On the other hand, XRP is created with just lines of code “for free” and “out of the thin air,” as the Litecoin influencer argues. Hence, he has questioned whether or not the XRP network actually has any value despite the fact that the token’s market cap currently stands at $709 million.

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In the meantime, Schwartz argues that Litecoin and XRP are essentially equivalent products, but the difference is that the former actually requires way more energy. Hence, the Ripple CTO is implying that XRP will gain more popularity due to its sustainability.

Of course, it should be noted that Ripple has long been promoting XRP’s “green cred.” In fact, co-founder Chris Larsen went as far as teaming up with Greenpeace to advocate against Bitcoin’s proof-of-work consensus algorithm, which is also powering Litecoin. PoW cryptocurrencies have been framed as wasteful and environmentally harmful. 

Reigniting long-simmering feud

The proponents of proof-of-work cryptocurrencies, such as Bitcoin and Litecoin, have long been at loggerheads with the XRP community. 

As reported by U.Today, the official X account of the Litecoin cryptocurrency recently reignited the long-simmering feud by attacking XRP and mocking CEO Brad Garlinghouse.

Despite receiving violent clapback from the members of the XRP community, whoever was managing the Litecoin account refused to back down. 

 

Source: https://u.today/ripple-cto-torches-litecoin-influencer-over-xrp-attack

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Botanix launches stBTC to deliver Bitcoin-native yield

Botanix launches stBTC to deliver Bitcoin-native yield

The post Botanix launches stBTC to deliver Bitcoin-native yield appeared on BitcoinEthereumNews.com. Botanix Labs has launched stBTC, a liquid staking token designed to turn Bitcoin into a yield-bearing asset by redistributing network gas fees directly to users. The protocol will begin yield accrual later this week, with its Genesis Vault scheduled to open on Sept. 25, capped at 50 BTC. The initiative marks one of the first attempts to generate Bitcoin-native yield without relying on inflationary token models or centralized custodians. stBTC works by allowing users to deposit Bitcoin into Botanix’s permissionless smart contract, receiving stBTC tokens that represent their share of the staking vault. As transactions occur, 50% of Botanix network gas fees, paid in BTC, flow back to stBTC holders. Over time, the value of stBTC increases relative to BTC, enabling users to redeem their original deposit plus yield. Botanix estimates early returns could reach 20–50% annually before stabilizing around 6–8%, a level similar to Ethereum staking but fully denominated in Bitcoin. Botanix says that security audits have been completed by Spearbit and Sigma Prime, and the protocol is built on the EIP-4626 vault standard, which also underpins Ethereum-based staking products. The company’s Spiderchain architecture, operated by 16 independent entities including Galaxy, Alchemy, and Fireblocks, secures the network. If adoption grows, Botanix argues the system could make Bitcoin a productive, composable asset for decentralized finance, while reinforcing network consensus. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/botanix-launches-stbtc
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BitcoinEthereumNews2025/09/18 02:37
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