Bitcoin’s True Value May Be As Global Settlement Layer, Not Just Currency: Ripple CTO

Description

According to Ripple Chief Technology Officer David Schwartz, Bitcoin’s main strength isn’t in hosting complex smart contracts or in fast payments. It’s in offering a secure, trust‑minimized settlement layer that other networks can rely on. Bitcoin’s proof‑of‑work backbone has proven its staying power over more than a decade. Its security model still draws interest from developers and institutions alike. Secure Settlement Backbone Schwartz pointed out that proof‑of‑work mining makes the top crypt...