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Current findings have forged doubt on the established historical past of the XRP Ledger, suggesting that David Schwartz, Ripple’s Chief Know-how Officer, could have had the preliminary blueprints for this community means again in 1988. This revelation challenges the broadly accepted notion that the XRP Ledger was based in 2011 by Schwartz, Jed McCaleb, and Arthur Britto.
Discovering Proof
EDO Farina, a outstanding advocate for XRP, not too long ago set the crypto world abuzz with a Twitter revelation. He shared a patent doc from 1988 that had been filed by none apart from David Schwartz.
Learn Extra: Ripple’s Proper Party and Gary Gensler’s Hearing: A Pivotal Week for the Crypto Market
What Does This Suggest?
Schwartz’s patent, submitted in August 1988, particulars a distributed community of computer systems for information processing, with every node managing a portion of the info. Whereas it doesn’t explicitly point out blockchain or the XRP Ledger, the hanging resemblance between the patent’s description and the validation course of in right now’s XRP Ledger is plain.
Crypto influencer Max Keiser swiped on the information, tweeting, “XRP is CENTRALIZED s*** as you’ll be able to plainly see from the patent.” This tweet resonates with a portion of the crypto neighborhood that has typically criticized XRP for being too centralized, which is a declare Ripple has persistently refuted.
In the meantime, Ripple Races Forward!
Whereas this debate rages on, Ripple appears unimpacted. The community has already gained appreciable traction within the international monetary system. Colombia’s earlier administration has even thought of utilizing Ripple for its nationwide land registry, and quite a few banks worldwide make use of the community for fast, cost-effective cost transfers.
Additionally Learn: Ripple talks with New Zealand for CBDC on XRPL!
In his tweet, Farina additionally touched upon the potential “downfall” of Ethereum, suggesting that Stellar and XRP Ledger “are prepared to soak up all of the real-world utility.” This ominous warning comes when Ethereum faces scalability points, making room for different networks just like the XRP Ledger to emerge.
Will it emerge although? Effectively, that’s a dialogue for one more day!
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