Ripple Engineering as we all know keep striving to solve hard problems. Of late, they have been talking about generating random numbers. They are working to solve the idea of Pseudorandom, which means they are looking to generate truly random ideas. This needs to be stronger when generating the secret keys for cryptocurrencies.
Ripple tweeted: “Ripple’s #engineering team reveals how to generate #cryptocurrency addresses with micro-controllers.”
They are now exploring the idea of making use of Radio Active decay to generate random numbers. However, they have to say that this has been tried before. They are using all of their creative approach to generate cryptocurrency address. Let us wait for some breakthrough innovation to hit the headlines soon.
Sydney Ifergan, the crypto expert tweeted: “With Ripple (XRP) there seems to be no end to innovation. They are doing their best to make remittances work cheaper, faster, and better.”
During the pandemic it is seen that the remittances are reduced or cancelled because many of the workers have gone back home. In many nations it is less money coming in and therefore less money is getting spent. This is particularly true in cases where one of the members in the family are working overseas.
If there is no income families will spend less in education, construction, and food. However, when the coronavirus is over this trend will soon change.
We might not know, as opined in a recent Blockstars podcast, the Facebook idea continues to be a terrible idea and it might rise out of the phoenix.
Ripple (XRP) and Brad Garlinghouse
Brad Garlinghouse recently recollected on how a year ago, many decried crypto as a scam, and now a majority of govts are looking seriously at blockchain. It addresses frictions (i.e. settlement, transparency, etc) that were assumed VERY hard to solve before. Crypto is up 80% while USD is down 3% YTD.
He pointed to how @fundstrat stated that when it comes down to trust in the financial system at the end of the day. As global populations continue to lose confidence in fiat currencies (as we’re seeing with USD), they will choose to diversify. Our future global financial system will do the same.
While all these are true there is one big truth that utility will be the biggest winner in the long-term. And, Ripple are closely working to improve on their utility, particularly to capture the small value big transactions market. They are here to stay; however, for XRP believes and the value going up, they need to work on their management process.