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 co-founder, Joseph Lubin, told in a current meeting that he does not think about Ripple as a competitor since it “isn’t really a Blockchain innovation”.

In the meeting with Bloomberg, he spoke about the current state of crypto market, Ethereum’s advancement and about Ripple’s XRP & EOS. When Lupin was asked what would certainly take place if “other protocols which trade rate or decentralization for security” end up acquiring favour in the mid to long-lasting, he appeared to be fairly calm concerning it.

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

He even discussed the factor behind his calmness, “Ripple isn’t truly a Blockchain technology, it’s kind of a repayment system, so I do not actually take into consideration that a rival.” He, after that took place to describe his point of view pertaining to another major crypto, EOS. He described EOS job as “a somewhat, perhaps somewhat, decentralized strategy at developing a Blockchain system.” Lubin proceeded, “EOS is a fascinating technology however it’s extremely unsafe to treat it as a layer-one innovation.”

On the other hand, Lubin highly commended Ethereum claiming that regardless of the decrease in cost, over the past ten months, the designer activity in the ecosystem expanded by “two orders of magnitude”. He added, “We feel the rapid activity rise in our community; it is frustrating exactly what’s going on.”

In the interview, he spoke about the current downfall in the rates of digital currency as well as claimed that it will not constrain or adversely influence its development in the upcoming times. He has compared the value upswing to a bubble which resembles the formerly taking place “6 large bubbles, each even more impressive compared to the previous one, and each bubble is impressive when they’re happening.

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

He claimed,” I absolutely anticipate that there is a strong relationship between the rise in cost as well as the growth of basic framework in the ecosystem as well as the growth of growth in the ecosystem. We are probably 2 orders of size larger as a programmer community than we were eight or 10 months back.”

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