New XRPL-built project is here to battle Lightning Network
SpendTheBits briefly describes its own project, stating that using exactly the XRPL blockchain will make BTC transactions much faster and cheaper than is currently possible. At the same time, John Deaton, a pro-XRP activist and founder of CryptoLaw, said, marked another positive side of the project.
That’s the beauty of the underlying technology. The #XRPLedger is an open, unauthorized distributed ledger technology – emphasis on “open and unauthorized”.
Jay Kambo didn’t ask for permission – he just started building.
— John E Deaton (213K followers, beware of cheaters) (@JohnEDeaton1) September 10, 2022
According to the crypto attorney, the case of SpendTheBits, which is built on XRP Ledger using open source code and without permission from Ripple or anyone else to implement the technology, once again proves the SEC’s claims against Ripple and XRP be absolutely absurd. It’s Satoshi-esque technology, says Deathon.