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bitcoin: No one knows what to call the hottest cryptocurrency

22 Sep bitcoin: No one knows what to call the hottest cryptocurrency

Posted at 08:34h in Cryptocurrency News by

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By Jeremy Herron

The cryptocurrency widely known as Ripple is on a tear. Problem is, that’s not its actual name.

That would be XRP, a token created for use on the Ripple payment protocol back in 2012.

Confused? You’re not alone.

Ripple Labs Inc., where one of the creators of XRP serves as chief technology officer, insists on noting that the token is different than the open-source network. Crypto Twitter is in a lather. And why not, the token was referred to early on as “ ripples (XRP).”

But really, there’s not that much to get worked up about. It’s all part of a branding effort by Ripple Labs, which owns about 60 per cent of XRP. The company even created a flow chart to help explain the differences.

(The company’s named after the Grateful Dead song. Let’s leave aside that, for a certain vintage of reader, it also invokes images of the fortified wine Fred Sanford sipped on TV in the ’70s.)

Well and good. But Ripple Labs is bumping up against an age-old problem when…

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