Was XRP Created to Repair Bitcoin’s Flaws? ⋆ ZyCrypto
 
 
Focusing when Bitcoin launched in 2009, it launched the world to decentralized cash. However by 2011, some early blockchain builders have been already discussing its trade-offs—notably sluggish transactions, excessive vitality use, and restricted scalability. XRP was born from that debate.
In line with a quote shared by crypto commentator Xaif on X in June 2025, Ripple co-founder Chris Larsen recalled the venture’s founding intent: “At first, we wished to construct a greater Bitcoin… and we created XRP.” It wasn’t a rivalry, he stated—it was a redesign.
XRP Technical Beginning Level
The XRP Ledger (XRPL) was developed by engineers David Schwartz, Jed McCaleb, and Arthur Britto. They started engaged on it in 2011, aiming to create a sooner, extra scalable, and sustainable digital asset for funds in comparison with Bitcoin. The venture was initially named “Ripple.”
Bitcoin, whose blockchain can deal with solely round seven transactions per second, or ETH, which handles round 15, XRP’s blockchain can deal with 1,500 transactions per second.
XRP was launched in June 2012. Whereas the expertise was unbiased, Ripple Labs (initially OpenCoin) was based shortly after to develop enterprise use instances primarily based on it.
 
Chris Larsen joined Ripple in 2012 as CEO. Underneath his management, the corporate centered on funds infrastructure. As a substitute of making an attempt to exchange the monetary system, Ripple aimed to combine with it, providing banks and monetary establishments instruments for real-time gross settlement and international trade.
XRP was designed as a bridge foreign money. It allowed worth to maneuver between two totally different fiat currencies immediately with out requiring pre-funded nostro accounts. Merchandise like xRapid and later On-Demand Liquidity (ODL) leveraged XRP’s pace and low transaction price.
In line with Ripple’s Q1 2025 Markets Report, over 80% of its international remittance quantity is now processed utilizing ODL. The XRP Ledger processed over 170 million transactions within the first quarter alone.
Past Funds: The XRPL in 2025
In the present day, XRP’s goal goes past remittances. The XRP Ledger now helps Ethereum-compatible sensible contracts by way of its EVM sidechain. It additionally permits pilot packages for tokenized belongings, stablecoins, and even central financial institution digital foreign money (CBDC).
In line with knowledge from XRPScan in June 2025, the variety of XRP whale wallets holding over 1 million XRP reached a 12-year excessive of two,708. This surge in whale exercise, coupled with a sevenfold enhance in day by day lively addresses, signifies rising investor confidence in XRP.
XRP worth rose 2.02% on Saturday, June 28, following Friday’s 1.8% acquire, closing at $2.1865. The token outperformed the broader market, which gained 0.59%, lifting the whole crypto market cap to $3.26 trillion.
This philosophical distinction continues to form each belongings. Whereas Bitcoin stays a decentralized retailer of worth and inflation hedge, XRP is positioned as a utility asset for institutional finance.
13 years after the XRP Ledger’s launch, that imaginative and prescient nonetheless drives the protocol’s evolution—and explains why it’s more and more seen not as a Bitcoin competitor, however as a complementary a part of the blockchain ecosystem.
