Ripple CTO Predicts PoS as Future of Bitcoin-like Blockchains

The Ripple CTO believes that Bitcoin-like Proof-of-Work chains will become the standard for digital assets.

The Ripple CTO, Stefan Thomas, recently made a prediction on his Twitter account that Bitcoin-like Proof of Work (PoW) chains will become the standard for digital assets.

Thomas said that there are two types of blockchains: one is the general purpose blockchain and the other is a specific purpose blockchain like Bitcoin. The general purpose blockchain is designed to facilitate transactions between different parties while the specific purpose chain is designed to facilitate value transfers between parties who have an agreement on how they want to transfer value and what they want it to represent.

He also added that when you look at all of these different blockchains, they all fit in this very specific category.