Bitcoin and XRP are among the top three cryptocurrencies and both are currently most popular coins with loyal and supportive communities. A guest Forbes and CNBC trader and a popular Bitcoin analyst on TradingView, Jacob Canfield, says that they lack just a little to be rightfully called perfect cryptos.
‘Three aspects that make the perfect cryptocurrency.’
When talking to the crypto analyst Scott Melker, Jacob Canfield says that a perfect cryptocurrency must have three crucial aspects – be secure, scalable and decentralized. Both BTC and XRP lack just one aspect of those, as per him.
He believes that BTC can make a great store of value and XRP could be used as a medium of exchange.
Answering a question, in the next tweet Canfield points out that XRP lacks decentralization. The latter is very important for crypto, he says, as it makes it secure and non-censorable.
As for Bitcoin, its well-known issue that many would like to see solved is lack of scalability.
A crypto analyst gets paid in XRP
The initial tweet came in response to a post made by Scott Melker who shared that he had received a payment in XRP and said that this coin works extremely fast.