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 think about Ripple as a competitor given that it “isn’t a Blockchain innovation”.

In the interview with Bloomberg, he discussed the existing state of crypto market, Ethereum’s growth and also concerning Ripple’s XRP & EOS. When Lupin was asked just what would occur if “various other protocols which trade speed or decentralization for security” wind up obtaining favour in the mid to long-term, he appeared to be fairly tranquil concerning it.

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

He also discussed the factor behind his peace, “Ripple isn’t really a Blockchain modern technology, it’s sort of a payment system, so I don’t actually consider that a rival.” He, after that went on to explain his viewpoint regarding another major crypto, EOS. He described EOS project as “a slightly, maybe slightly, decentralized strategy at building a Blockchain system.” Lubin proceeded, “EOS is an interesting innovation but it’s unbelievably unsafe to treat it as a layer-one modern technology.”

On the other hand, Lubin highly commended Ethereum saying that in spite of the decline in rate, over the past ten months, the developer activity in the ecosystem expanded by “two orders of magnitude”. He included, “We really feel the rapid task rise in our community; it is frustrating just what’s going on.”

In the meeting, he discussed the recent downfall in the rates of digital currency as well as claimed that it will certainly not constrain or negatively influence its development in the forthcoming times. He has contrasted the value rise to a bubble which resembles the previously taking place “6 big bubbles, each even more epic compared to the previous one, and also each bubble is astonishing when they’re taking place.

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 in between the rise in cost as well as the growth of fundamental framework in the environment and the growth of advancement in the environment. We are probably two orders of size bigger as a programmer area compared to we were 8 or 10 months earlier.”

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