🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Ripple News: Why Does $XRP Gain the Trust of Organizations?
A recent analysis by the expert "All Things XRP" has sparked renewed interest in XRP – the outstanding encryption coin known for its extremely fast transaction speed and very low costs, even during times of network congestion. Unlike Bitcoin or Ethereum, XRP is not designed to generate profits from mining but aims to facilitate efficient money transfers, with a large volume – exactly what global financial institutions will need in 2025. XRP Transaction Cost – Only A Tiny Fraction Of A Coin According to a post gaining attention on social media X (previously Twitter), each XRP transaction only costs about $0.00002, and notably does not change even when the network is congested or requires high speed. This means: There is no "gas war" like on Ethereum, there are no sudden spikes in fees during peak hours, and there is no need to pay extra for faster transaction confirmations. Even if the price of XRP rises to $1,000, the transaction fee is only about 0.00001 XRP – almost negligible, making XRP one of the most stable and cost-effective networks in the world of cryptocurrency. No Coin Mining, No Need for Rewards: The Distinct Mechanism of XRP Unlike Bitcoin or Ethereum – where miners and validators need to be rewarded to confirm transactions, XRP does not rely on any financial incentives to secure the network. Instead, XRP uses the (consensus protocol), which completely eliminates the costs of "paying" for confirmations. This mechanism brings many benefits: Maintain low and stable fees, avoid financial pressure that forces other blockchains to increase fees to sustain operations. Confirm Transaction in Just a Few Seconds According to analysis by All Things XRP, transactions on the XRP Ledger are confirmed in less than 3 seconds. This is possible due to the absence of block competition as seen in PoW networks, and there is no need to wait for multiple layer confirmations like Bitcoin. This speed makes XRP an ideal choice for real-time payments (real-time). $XRP Transaction Fees Burned Permanently Each XRP transaction burns 0.00001 XRP – not sent to validators or miners but permanently removed from the total supply. This mechanism brings two significant benefits: Anti-spam by attaching real costs to each transaction, creating long-term deflationary pressure as the total supply of XRP gradually decreases over time. Thanks to that, the XRP network always remains lightweight, fast, and resistant to abuse. XRP Can Handle 1,500 Transactions Per Second One of the other important strengths is the ability to handle 1,500 transactions per second (TPS) – a level of readiness for the transaction volume of large financial institutions. While many other blockchains are prone to slowing down or getting congested when demand spikes, XRP still maintains stable performance and robust scalability. Why Are Financial Institutions Switching to XRP? From banks to payment service providers, an increasing number of organizations are interested in and integrating XRP. The main reason lies in: No need for a reserve account (pre-funded) expensive for cross-border remittances, Reliable transactions, low cost, regardless of time or volume, Speed, scalability, and cost-effectiveness are integrated from the start. All Things XRP experts emphasize: "No one wants to pay $30 to send $30. XRP completely solves that issue." Conclusion The fee mechanism, consensus model, and transaction speed of XRP are not designed to attract speculation but are intended to serve the real world – on a global scale. In the context of large organizations increasingly seeking reliable digital payment systems, XRP is gradually emerging as a strong contender in the race toward widespread adoption.