Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Wor...
Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other types of consensus algorithms have been effective at being secure while only “using a tiny fraction of the energy.” Ripple Cofounder Believes Crypto Networks Leveraging Proof-of-Work Should Consider Alternatives While the global economy struggles after a year of Covid-19 lockdowns and....
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Bitcoin needs to move away from the proof-of-work consensus mechanism to remain the world’s dominant cryptocurrency, Ripple’s Chris Larsen said. Bitcoin (BTC) code contributors need to consider a move away from the cryptocurrency’s proof-of-work consensus mechanism, Ripple co-founder Chris Larsen argued.In a Wednesday blog post, Larsen outlined major PoW-related vulnerabilities, noting growing concerns over Bitcoin’s carbon footprint. According to the executive, PoW-based coins like Bitcoin should consider a code change to carbon-neutral validation methods like proof-of-stake or federated....
On October 19, the US Securities and Exchange Commission (SEC) dismissed all its claims against Ripple’s CEO, Brad Garlinghouse, and Co-founder, Chris Larsen. Following this, Larsen called out the financial regulator, stating why it had to be held accountable for its actions. Larsen Calls SEC A Rogue Administrative State In a post shared on his […]
There's soon to be a new man in charge of distributed ledger startup Ripple. Six years and almost $100m after CEO Chris Larsen joined the aspiring Swift alternative, he's handing over the reins to the company's president, Brad Garlinghouse. Larsen positioned the appointment as part of Ripple’s overall plans to grow, but both executives stopped short of saying it was part of an more formal exit strategy. Larsen told CoinDesk: "We’ve got this great position and now we want to jump to the next lily pad, which is scaling." In Larsen’s new role as executive chairman — an employee....
Chris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next financial system and that the U.S. is “woefully behind.” See also: SEC Will Be Forced to Give Crypto Guidance Despite Bureaucracy, Risk-Avoidance: Peirce
Ripple to get a new CEO in the form of Brad Garlinghouse as Chris Larsen plans to step down from his current position by the end of this year. Ripple Labs, a blockchain-based payment company, will soon have a new CEO. The impending change of guard was announced earlier today by the company. According to the brief, the chief executive officer and co-founder of Ripple, Chris Larsen will be replaced by the current president and chief operating officer Brad Garlinghouse at the end of this year. After giving up the mantle, Chris Larsen will continue to serve as one of the platform’s Board of....