Three well-known tokens—XRP, Ethereum Classic, and Bitcoin Cash—have arisen from blockchain forks in the constantly changing world of cryptocurrencies.
XRP: The Contentious Native Token of Ripple
Of the three, Ripple's native cryptocurrency, XRP, is the most well-liked and is presently the seventh-largest cryptocurrency by market capitalization. But Ripple's progress has not been without controversy; the company has encountered difficulties and authorities' monitoring has grown.
Ethereum Classic: The Outcome of a Significant Split
A major Ethereum fork occurred in 2016 as a result of a hacker breaching the DAO, a decentralized Ethereum organization. With the support of most developers, a fork in the network was made, giving rise to Ethereum Classic, currently the 23rd biggest cryptocurrency by market capitalization. This action sought to reimburse victims for lost revenue, bolstering.
Therefore Recent revelations have surfaced, indicating a massive development in the crypto world. Vitalik Buterin, the founder of Ethereum, is reportedly in coordination with the United States Securities and Exchange Commission (SEC). The purpose of this collaboration is to facilitate a payment exchange, leading to the de-listing of XRP and categorizing it as a security threat.
