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 interview that he doesn’t consider Ripple  as a rival given that it “isn’t really a Blockchain technology”.

In the meeting with Bloomberg, he spoke about the current state of crypto market, Ethereum’s advancement and also concerning Ripple’s XRP & EOS. When Lupin was asked just what would happen if “other procedures which trade rate or decentralization for security” wind up gaining favour in the mid to lasting, he seemed fairly calm about it.

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

He also described the factor behind his calmness, “Ripple isn’t actually a Blockchain technology, it’s sort of a payment system, so I do not actually take into consideration that a rival.” He, after that took place to explain his point of view concerning another major crypto, EOS. He defined EOS project as “a slightly, perhaps slightly, decentralized technique at developing a Blockchain system.” Lubin proceeded, “EOS is an interesting technology yet it’s exceptionally hazardous to treat it as a layer-one modern technology.”

Meanwhile, Lubin very applauded Ethereum saying that despite the decrease in rate, over the past 10 months, the designer task in the ecological community expanded by “2 orders of size”. He added, “We feel the exponential activity boost in our community; it is frustrating exactly what’s going on.”

In the interview, he discussed the recent downfall in the prices of electronic money and also claimed that it will certainly not constrict or adversely influence its growth in the future times. He has actually contrasted the value rise to a bubble which resembles the previously happening “six huge bubbles, each even more epic compared to the previous one, and also each bubble is unbelievable when they’re occurring.

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

He stated,” I absolutely anticipate that there is a strong relationship in between the surge in rate as well as the growth of essential framework in the ecological community and the growth of development in the community. We are most likely 2 orders of size bigger as a programmer neighborhood compared to we were 8 or 10 months earlier.”

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