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

In the interview with Bloomberg, he discussed the present state of crypto market, Ethereum’s advancement and also regarding Surge’s XRP & EOS. When Lupin was asked what would certainly happen if “other procedures which trade speed or decentralization for safety and security” end up gaining favour in the mid to long-term, he appeared to be quite tranquil concerning it.

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

He also discussed the reason behind his peace, “Surge isn’t actually a Blockchain technology, it’s sort of a repayment system, so I do not actually take into consideration that a competitor.” He, then went on to discuss his viewpoint regarding one more significant crypto, EOS. He described EOS task as “a somewhat, perhaps a little, decentralized strategy at building a Blockchain system.” Lubin proceeded, “EOS is an interesting modern technology but it’s exceptionally dangerous to treat it as a layer-one innovation.”

Meanwhile, Lubin very praised Ethereum stating that regardless of the decrease in price, over the past 10 months, the designer activity in the ecological community increased by “2 orders of magnitude”. He included, “We feel the rapid task increase in our ecological community; it is overwhelming what’s taking place.”

In the meeting, he mentioned the current downfall in the prices of digital currency as well as stated that it will not constrict or negatively impact its growth in the upcoming times. He has contrasted the worth boom to a bubble which resembles the previously occurring “six large bubbles, each more legendary than the previous one, and also each bubble is unbelievable when they’re happening.

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

He said,” I definitely anticipate that there is a solid connection in between the surge in cost and the development of fundamental facilities in the environment and also the development of growth in the ecosystem. We are possibly two orders of size larger as a developer neighborhood compared to we were eight or 10 months ago.”

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