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, told in a recent interview that he doesn’t consider Ripple as a competitor given that it “isn’t a Blockchain modern technology”.

In the interview with Bloomberg, he spoke about the current state of crypto market, Ethereum’s development as well as regarding Ripple’s XRP & EOS. When Lupin was asked what would take place if “other procedures which trade speed or decentralization for safety and security” end up obtaining favour in the mid to long-term, he seemed fairly calm about it.

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

He also discussed the reason behind his calmness, “Surge isn’t really a Blockchain modern technology, it’s sort of a payment system, so I don’t truly think about that a competitor.” He, after that took place to explain his point of view concerning one more major crypto, EOS. He explained EOS job as “a somewhat, perhaps slightly, decentralized strategy at developing a Blockchain system.” Lubin proceeded, “EOS is a fascinating modern technology yet it’s incredibly dangerous to treat it as a layer-one modern technology.”

On the other hand, Lubin very commended Ethereum saying that regardless of the decline in price, over the past ten months, the designer task in the ecological community broadened by “2 orders of size”. He included, “We feel the exponential activity rise in our ecosystem; it is overwhelming what’s going on.”

In the interview, he mentioned the recent failure in the costs of electronic money as well as claimed that it will certainly not constrain or negatively affect its growth in the future times. He has actually contrasted the value upswing to a bubble which is similar to the previously happening “6 large bubbles, each even more impressive compared to the previous one, and 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 expect that there is a solid connection between the rise in rate and also the development of basic infrastructure in the environment and also the growth of development in the environment. We are probably two orders of size larger as a developer community compared to we were eight or 10 months back.”

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