/biz/ - Business & Finance

>>50811387
>why would anyone use xrp when eth layer 2 rollups like polygon has faster tps and settlement time
You have answered your own question, mr riddler.
It's a layer 2 solution. You even need some ETH gas fees to even send them over to the matic network first. You know there's a difference between layer 1 and layer 2 right?

Layer 2 technologies for blockchains are designed to enable fast, cheap, high-throughput transactions over the underlying ledger, generally by using a form of programmatic escrow. This category includes bilateral technologies like payment channels and generalized state channels, as well as multilateral solutions including payment channel networks like Lightning and Raiden, sidechains, and Plasma. Each of these enable faster, cheaper transactions by allowing pairs or smaller groups of account holders to transact without needing to interact with the main ledger each time.

https://ripple.com/insights/layer-3-is-for-interoperability/

>also the (people in control) aka the SEC supports eth.
They don't.
>tik tok times running out someone bought the wrong coin
Yeah, (You)