Recent remarks by Chris Larsen, co-founder of Ripple, have rekindled interest in the early goals of XRP. According to him, the project was initiated with the idea of creating a better Bitcoin.
Original Goals of XRP
On platform X, Chris Larsen stated that initially, the goal was to 'create a better [Bitcoin… and we created XRP].' This quote has reignited discussion within the digital asset community.
Development of Ripple and XRP
Though Larsen did not develop the XRP Ledger, he joined Ripple shortly after it was created by David Schwartz, Jed McCaleb, and Arthur Britto. Their aim was to address Bitcoin's main shortcomings, such as low processing speed and high energy consumption. Larsen's approach was to establish a business model based on the practical financial application of this technology worldwide.
Current State of XRP Ledger
Today, the XRP Ledger continues to function according to its founding purpose and remains one of the fastest and most energy-efficient blockchains in the industry. The ledger has adopted new functions, including support for stablecoins, asset tokenization, and smart contracts through its Ethereum Virtual Machine (EVM) sidechain. Ripple has also obtained regulatory licenses in key jurisdictions and is actively collaborating with traditional finance, using XRP as part of its infrastructure.
Larsen’s comments have brought the focus back to the foundational purpose of XRP, which evolved from an effort to build a better Bitcoin into one of the most widely used tools in institutional blockchain finance.
