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 doesn’t think about Ripple as a competitor considering that it “isn’t a Blockchain technology”.

In the interview with Bloomberg, he mentioned the current state of crypto market, Ethereum’s development as well as regarding Ripple’s XRP & EOS. When Lupin was asked exactly what would happen if “various other procedures which trade rate or decentralization for safety” end up obtaining favour in the mid to long-lasting, he seemed quite calm regarding it.

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

He also discussed the factor behind his calmness, “Surge isn’t actually a Blockchain innovation, it’s kind of a payment system, so I do not actually think about that a rival.” He, then took place to explain his perspective concerning another significant crypto, EOS. He defined EOS project as “a slightly, perhaps somewhat, decentralized technique at constructing a Blockchain system.” Lubin proceeded, “EOS is a fascinating modern technology but it’s incredibly dangerous to treat it as a layer-one modern technology.”

On the other hand, Lubin very commended Ethereum claiming that despite the decline in cost, over the past ten months, the programmer task in the ecosystem broadened by “2 orders of magnitude”. He included, “We feel the rapid activity increase in our ecological community; it is frustrating just what’s taking place.”

In the interview, he discussed the recent downfall in the rates of digital currency as well as claimed that it will certainly not constrain or adversely impact its development in the approaching times. He has compared the value rise to a bubble which resembles the formerly happening “six big bubbles, each more impressive than the previous one, and each bubble is impressive when they’re happening.

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

He said,” I absolutely expect that there is a strong connection in between the rise in price and the growth of fundamental facilities in the ecological community and also the growth of advancement in the community. We are probably 2 orders of magnitude larger as a programmer neighborhood compared to we were eight or 10 months ago.”

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