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XRP Tip Bot creator says he got into XRP after watching an interview of Ripple’s CTO

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XRP Tip Bot creator says he got into XRP after watching an interview of Ripple's CTO
Source: Unsplash

The XRP Tip Bot creator Wietse Wind recently spoke on 51percent Crypto Research podcast where he discussed why he is enamored by XRP. He also spoke on how he got started into the crypto-space and was inspired to create the Tip Bot.

Wietse said that he got into the crypto space in 2010 or 2011 when there wasn’t much hype about it. He said that he found out about the blockchain technology when he started mining on his own computer. He stated:

“And then it wasn’t until 2016 when I saw an interview of David Schwartz, Ripple’s CTO, and thought it was kind of interesting. So I looked into the technology and noticed it was really easy to get started with if you are a web developer or someone who programs in his spare time or know some JavaScript.”

He said that he started off with just a few lines of code, and that he kept coding and sharing open source, creating XRPL projects.

Wietse added that he is enamored with XRP over every other cryptocurrency mostly because of how the technology behind XRP is set up. According to him, it is easy for web developers to develop real-world applications, where it a small business or a large one.

He added to the above stating:



“I think a few things are really important for both developers and the users. It [implementing XRP technology] needs to be fast, it needs to be cheap. It needs to be easy to implement the technology in apps, but also in browsers…which is well really the core of XRP.”

Wietse went on to say that with XRP, one does not have to download the whole history of the blockchain to interact with it. Without any dependencies, one can just connect and start reading or sending messages or transacting, he stated. He said that there are other cryptocurrencies with similar functionalities but XRP’s transaction time is about 4 seconds and “that’s the kind of time a consumer is willing to wait for confirmation”.

Wietse said that he was already programming and integrating with the XRP ledger and that he had published a few small pieces of codes on GitHub. He said that he created TipBot with the templates available on XRP ledger and published it on November on Reddit. He further added:

“And then a few months later the Reddit community kinda started tipping each other, so I kept on developing and I believe by now over 70,000 tips are sent and about a 100,000, XRP.”





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Analysis

Top Losers: XRP, Bitcoin Cash [BCH], Litecoin [LTC] & EOS bleed as Bitcoin [BTC] falls below $5,600

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Top Losers: XRP, Bitcoin Cash [BCH], Litecoin [LTC], EOS [EOS] bleed out as Bitcoin [BTC] descends below $5,600
Source: Pixabay

Bitcoin’s [BTC] rise has been cut short, with the king coin’s fall below $5,600 triggering a market downturn. In its wake, several coins were leaving a trail of red, bleeding out the gains mounted over the past week. These included XRP, Bitcoin Cash [BCH], Litecoin [LTC], and EOS [EOS] with several coins following suit.

Source: TradingView

XRP witnessed a massive decline of over 8.5 percent, leading to its price being thrown off a cliff. As Bitcoin began its descent, XRP saw its price, which was holding steady at $0.33, drop to under $0.30 within a matter of hours. The coin’s market cap also took a heavy hit, losing over $1 billion since the bears attacked.

Bitcoin Cash, just weeks after overtaking Litecoin and EOS, was subjected to its big brother’s bearish onslaught, dropping by over 8.86 percent over the past 24-hours. Bitcoin bulls had previously pushed the coin’s price past $300, but less than a day later, the price dipped below $280, a testament to the severity of the market correction. Within the same period, the market cap dipped below $5 billion, and was $4.91 billion, at press time.

Despite some bullish behaviour in the wake of the impending halving, Litecoin could not escape the digital gold’s bears. LTC’s price also dipped by 8 percent, dropping from $79.35 to $72.20, over the past 24-hours. Market capitalization also took a severe hit, with the coin losing over $400 million since the downtrend began.



EOS, mirroring XRP’s movement, fell by 8.35 percent over 24 hours. After weeks of trading just below the $6 mark, EOS was pushed below the $5 mark, plummeting to $4.91. The market cap for the fifth largest cryptocurrency in the market dropped by almost 9 percent since April 23, losing around $400 million. It was valued at $4.64 billion, at press time.

The bearish trail did not end with these coins, with the collective market marred in a sea of red. Other notable losers were Stellar Lumens [XLM], Cardano [ADA], and Tron [TRX]. Bitcoin SV [BSV] and Binance Coin [BNB] also lost considerable ground, but their reasons are unlikely to be tethered to Bitcoin.





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