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 take into consideration Ripple as a competitor since it “isn’t a Blockchain modern technology”.

In the interview with Bloomberg, he spoke about the present state of crypto market, Ethereum’s development and also about Ripple’s XRP & EOS. When Lupin was asked what would certainly occur if “various other protocols which trade rate or decentralization for security” wind up getting favour in the mid to lasting, he seemed rather tranquil concerning it.

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

He even described the reason behind his calmness, “Surge isn’t really a Blockchain innovation, it’s sort of a settlement system, so I do not really take into consideration that a rival.” He, then went on to discuss his viewpoint relating to one more significant crypto, EOS. He explained EOS project as “a somewhat, maybe somewhat, decentralized technique at building a Blockchain system.” Lubin continued, “EOS is an interesting innovation yet it’s incredibly dangerous to treat it as a layer-one technology.”

On the other hand, Lubin very applauded Ethereum claiming that regardless of the decline in cost, over the past 10 months, the programmer activity in the ecosystem expanded by “2 orders of size”. He included, “We feel the exponential activity increase in our ecosystem; it is frustrating just what’s taking place.”

In the meeting, he mentioned the current downfall in the rates of digital currency and stated that it will not constrain or negatively impact its development in the future times. He has compared the value upsurge to a bubble which resembles the formerly taking place “6 large bubbles, each more impressive than the previous one, as well as each bubble is impressive when they’re taking place.

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

He said,” I absolutely anticipate that there is a strong relationship in between the increase in cost as well as the development of basic facilities in the environment as well as the growth of advancement in the ecosystem. We are probably 2 orders of size bigger as a developer community than we were eight or 10 months back.”

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