- John E Deaton tweeted about the specifications of XRP.
- Deaton’s tweet was in response to the messages of Dr. Martin Hiesboeck and Matt Hamilton.
- Hiesboeck tweeted questioning the worth of XRP to which Hamilton replied with the specifications of the coin.
John E Deaton, the Managing Partner of the Deaton Law Firm and the founder of the US Legal and Regulatory News for Digital Assets, CryptoLaw, tweeted on the specifications of the native token of the decentralized exchange Ripple, XRP, addressing it as the first DEX.
Notably, Deaton tweeted in response to the messages of the tweeters Dr. Martin Hiesboeck and Matt Hamilton who talked about XRP:
In the early hours of January 2023, Hiesboeck, the founder of the crypto research firm AlpineBlock, tweeted questioning the objective greatness of XRP, for which he received a variety of answers.
Responding to Hiesboeck, Matt Hamilton, the Director of Developer Relations at Ripple, mentioned in detail the specifications of XRP:
The XRP Ledger has a built-in limit order book DEX. Multi-currency payments with pathfinding across pairs. 3s deterministic finality of txns. Built-in tokenization of both fungible and non-fungible tokens. Track record and uptime. Widespread adoption.
Soon, Deaton, responding to both the above-mentioned tweets, told that the XRP Ledger, being the oldest decentralized exchange, has helped “to fulfill Satoshi’s vision of spending BTC as a method of payment/medium of exchange”.
In addition, he referred to Jay Kambo, the founder of the League of Ecom, and the payment application SpendTheBits he found, adding the link to the video released one year before, in which Kambo explains the functioning of the application.
Significantly, Deaton addressed Kambo as a “Smart Dude”, while listing out his achievements including his first position in “a contest sponsored by Ripple for interoperability w/CBDCs”.