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David Schwartz, Ripple’s chief technology officer, says the company is making “strategic adjustments” in an effort to bring the benefits of XRP technology to a wider segment of the population.
A Twitter user recently grilled Schwartz, one of the original architects of the XRP Ledger, speaks of Ripple “aligned” with large corporations rather than the “common man”.
“The challenge for Ripple; RippleX; XRPL Foundation … is to allow the common man to avoid being screwed by the “system”. I see little progress in this regard. The SWIFT SDK is extremely limited. There are more than 200 open problems in Github for RippleD. “
Schwartz argues that XRP systems are open to everyone and cannot be controlled by established institutions. However, he acknowledges that things weren’t perfect.
“We work mainly from the other direction: to convince companies and institutions to use (indirectly, usually) systems that are open to everyone and cannot be controlled by anyone. This will add more value to those open systems, driving more people to them.
But this produced results slower than we had hoped for. Then, the strategic adjustments with things like Xpring and RippleX. We are trying to do more “.
Ripple recently renamed its development and investment arm XRP Xpring as “RippleX”.
Schwartz further argues that Ripple does not want to align with any entity or institution pushing for bans on certain blockchains or private financial solutions. Rather, him He says, foster a “robust and healthy” blockchain ecosystem.
It also has He says support Bitcoin.
“We all love Bitcoin. We ‘chase’ each other for only two reasons. One is to compare the features and technology of XRPL and the other is where there is regulatory favoritism.
I don’t believe that any cryptocurrency or blockchain project can be successful by taking down the others. Just as Internet companies need a healthy Internet ecosystem with many successful players, so do blockchain companies. “
Ripple advertises XRP’s faster transaction settlement time than Bitcoin, as well as its sustainability.
Disclaimer: Opinions expressed in The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock / Georgii Shipin
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