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, informed in a current meeting that he does not consider Ripple as a rival given that it “isn’t really a Blockchain innovation”.

In the interview with Bloomberg, he discussed the present state of crypto market, Ethereum’s development as well as about Surge’s XRP & EOS. When Lupin was asked what would take place if “various other methods which trade rate or decentralization for security” wind up obtaining favour in the mid to lasting, he appeared to be quite tranquil about 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 actually a Blockchain innovation, it’s kind of a payment system, so I do not really consider that a competitor.” He, after that went on to explain his point of view regarding an additional major crypto, EOS. He defined EOS task as “a slightly, maybe slightly, decentralized approach at building a Blockchain system.” Lubin proceeded, “EOS is an intriguing technology however it’s unbelievably unsafe to treat it as a layer-one modern technology.”

At the same time, Lubin highly commended Ethereum saying that in spite of the decrease in rate, over the past 10 months, the developer activity in the community broadened by “2 orders of magnitude”. He included, “We really feel the rapid activity increase in our environment; it is overwhelming exactly what’s taking place.”

In the meeting, he discussed the current downfall in the rates of electronic money and also stated that it will certainly not constrict or adversely affect its development in the future times. He has contrasted the value upswing to a bubble which is similar to the formerly taking place “six big bubbles, each even more epic than the previous one, and each bubble is amazing when they’re taking place.

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

He said,” I absolutely anticipate that there is a strong relationship between the increase in cost and the development of fundamental infrastructure in the community as well as the development of advancement in the environment. We are possibly 2 orders of size bigger as a developer neighborhood compared to we were eight or 10 months ago.”

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