XRP and Lumen stars [XLM]: "I do not know anyone who develops on Stellar," says Ripple's manager


The relationship between Ripple, XRP Ledger and Stellar Lumens [XLM] it has been well documented during the growth of both parties. The latest development in the relationship between the two companies comes with Cory Johnson, Ripple's Chief Market Strategist, who offers his views on Stellar.

More recently, there has been talk of McCaleb who has downloaded XRP tokens on the market to further lower the price. This led to the question of whether McCaleb would work within the terms established by Ripple when they acted against him in a series of lawsuits. As clarified by the Ripple CTO, David Schwartz:

"Jed had a long series of bad ideas that the Ripple board refused to implement, so Jed started Stellar based on those ideas …[he] I tried to quickly download his XRP and Ripple acted to stop him through a series of lawsuits. "

When he decided to leave the company, an agreement was reached between McCaleb and Ripple, in which he had to sell all the shares of the company he held. In return, he will slowly sell all of his XRP and his children, instead of downloading them all to the market at one time.

Subsequently, McCaleb proceeded to break up Ripple, with an example presenting in an interview with CNBC, in which he stated:

"It's very difficult to run nodes outside of Ripple Labs. The team is handling most of the nodes, which should be worrying for people."

Cory Johnson talked about XLM, stating that it was created by one of Ripple's founders and one of the creators of XRP. He has declared:

"I do not really have an opinion about it, I mean, you know, obviously a super smart guy, but to build a really big business that uses digital resources is a challenge, there are many companies that are developing on XRP. I do not know many who are developing on Lumens besides Stellar. "

Subscribe to the AMBCrypto newsletter

Follow us on Telegram | chirping | Facebook

Anirudh VK

Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and an interest in the future of blockchain and cryptocurrency technology. At the moment it does not have any cryptocurrency.

[ad_2]Source link