Ripple’s XRP ‘isn’t a competitor’ since it ‘isn’t really a Blockchain technology’: Ethereum co-founder

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August 17, 2018 by
Ripple’s XRP ‘isn’t a competitor’ since it ‘isn’t really a Blockchain technology’: Ethereum co-founder

Ethereum founder, Joseph Lubin, told in a recent interview that he does not consider Ripple as a rival given that it “isn’t really a Blockchain modern technology”.

In the interview with Bloomberg, he spoke about the present state of crypto market, Ethereum’s development as well as concerning Surge’s XRP & EOS. When Lupin was asked exactly what would certainly occur if “various other protocols which trade speed or decentralization for protection” end up acquiring favour in the mid to lasting, he seemed quite tranquil regarding it.

See also: Ripple: Bittrex is “preferred” crypto exchange for cross-border USD payments

He even discussed the reason behind his peace, “Ripple isn’t really a Blockchain technology, it’s sort of a settlement system, so I don’t actually think about that a competitor.” He, then went on to clarify his perspective relating to another significant crypto, EOS. He defined EOS job as “a slightly, perhaps a little, decentralized strategy at constructing a Blockchain system.” Lubin continued, “EOS is an intriguing innovation yet it’s unbelievably unsafe to treat it as a layer-one technology.”

At the same time, Lubin highly praised Ethereum saying that in spite of the decrease in cost, over the past ten months, the designer task in the ecosystem increased by “two orders of size”. He added, “We really feel the exponential activity increase in our environment; it is frustrating just what’s taking place.”

In the interview, he spoke about the recent failure in the rates of digital money and also said that it will certainly not constrain or negatively impact its development in the approaching times. He has compared the value rise to a bubble which is similar to the formerly occurring “6 big bubbles, each even more impressive than the previous one, and each bubble is impressive when they’re taking place.

See also: Ripple targets China for blockchain based cross border transaction; plans further expansion

He stated,” I definitely anticipate that there is a strong correlation in between the surge in rate and the growth of essential infrastructure in the environment as well as the development of growth in the community. We are possibly 2 orders of magnitude larger as a programmer neighborhood compared to we were 8 or 10 months back.”

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