Satoshi

David

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Arthur

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 <p>Researchers from Kyoto University, Japan, have found a new relationship between XRP’s price and its complex web of transactions. According to the study, there is an anti-correlation during volatile market periods.</p> 
 <p>The researchers covered XRP’s price from January 2020 to December 2021, covering both bubble and non-bubble periods. The main fundamentals of the study lie in the correlation tensor spectra. A tensor spectra is a mathematical tool for deciphering the structure and connections of a network. It aids in the uncovering of patterns and relationships between nodes in a network.</p> 
 <p><strong>Also Read: Japan’s SBI Confirms XRP Utility for International Remittance</strong></p> 
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   Source: arxiv.org
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 <p>As per the study, when XRP’s price increased, some values taken from transaction data declined. When prices decreased, the transaction data increased. Moreover, there was no correlation between price and the largest singular value during the non-bubble period. However, during the bubble period, a strong anti-correlation began to emerge. When more people began using XRP for transactions, the price began to drop, as there was also likely an increase in selling. </p> 
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    <p lang="en" dir="ltr">Recent study out of Kyoto University examines #XRP price during/after '18 bubble and correlations. Most interesting? (2021 is latest data) They identify a set of driver nodes during the bubble. Supported by #Ripple Impact Fund.https://t.co/K8o0lvSBNp pic.twitter.com/tdAxamRtZL</p>— WrathofKahneman 🪝 (@WKahneman) September 22, 2023
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 <p>The study also found a special, super active group of users during bubble periods who had a say in the price movements of the token. This group is more akin to crypto whales, directing the market movement during volatile moments. </p> 
 <h3 class="wp-block-heading" id="h-is-xrp-more-centralized-than-we-think">Is XRP more centralized than we think?</h3> 
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  <img decoding="async" width="1024" height="682" src="https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp" alt="XRP" class="wp-image-110319" srcset="https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 1024w, https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 300w, https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 768w, https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 380w, https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 550w, https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 800w, https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 1160w, https://cdn.thebittimes.com/images/2023/09/25/3513f752474cdb287a43940e73fb9e1a.webp 1201w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – FX Empire
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 <p>A patent has been making the rounds on social media, which questions how decentralized the XPRL network really is. According to reports, Ripple’s Chief Technology Officer, David Schwartz, filed a patent for a Bitcoin (BTC)-like network back in 1988. This challenges the notion that the XRP Ledger (XRPL) was founded in 2011 by Schwartz, Jed McCaleb, and Arthur Britto.</p> 
 <p>The patent talks about a distributed network of computers for data processing. Each node in the network would process only a portion of the data. Although the patent does not mention Ripple or blockchain, there is no denying its similarity to the XRPL. Moreover, many have shared the patent and criticized Ripple, calling the network centralized.</p> 
 <p><strong>Also Read: XRP Lawyer Explains Legality of Ripple’s Sales Outside the U.S.</strong></p> 
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    <p lang="en" dir="ltr">David Schwartz filed a patent similar to #BTC in 1988 and worked for the NSA. Satoshi also came out with a colouring book that hinted towards “Ripple” as well. Wouldn’t be surprised if it was the upper C level of Ripples team that is behind #BTC as a test before introducing $XRP pic.twitter.com/L06tGs3rZ2</p>— EDO FARINA 🅧 XRP (@edward_farina) September 24, 2023
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  <li>xrp</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/xrp-japanese-study-finds-relation-in-price-and-transactions-tbt63880.html">https://thebittimes.com/xrp-japanese-study-finds-relation-in-price-and-transactions-tbt63880.html</a></p>

XRP: Japanese Study Finds Relation in Price and Transactions

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