Hi Guys,
It's Big & Big #alert About $XRP Hold on ABove $0.50 !!!
Ripple backs research and development in quantum computing technology while XRP holds steady above $0.50
XRP price holds steady above the $0.50 key support level and edges higher on Monday, trading at 0.5130 and rising 0.70% in the day at the time of writing.
Ripple (XRP) published its research from its University Blockchain Research Initiative (UBRI) on the intersection of blockchain and quantum computing.
The May 17 report on Rippleâs website surveys the impact of quantum computing technology and its advancement on blockchains like the XRP Ledger, which is key to future technical developments in the firmâs network.Â
XRP holders await a ruling in the Securities and Exchange Commission (SEC) vs. Ripple lawsuit on two major issues: the fine to be imposed on the payment remittance firm for allegedly selling securities (XRP) to institutional investors and an injunction on Rippleâs On-Demand Liquidity (ODL) platform, used by clients to manage liquidity.Â
Daily Digest Market Movers: Ripple supports technical development-focused research Ripple funds a University Blockchain Research Initiative to aid research and development in new frontiers of blockchain technology.Â
The payment remittance firm published a report on May 17, highlighting a leading cause for concern among scholars in the sector, quantum computing and its impact on blockchains like the XRP Ledger.Â
A Deloitte report titled âQuantum computers and the Bitcoin blockchainâ shares the concern and reads:ââŠthe security of cryptocurrencies is threatened by future quantum computers, which are expected to break some of the currently used cryptography algorithms for which there are no clear replacements.
âIn other words, advancements in quantum computing pose a threat to Bitcoin and other encrypted blockchains that rely on cryptography for security. Ripple dives into these issues in its Ripple Insights series.
