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 interview that he does not consider Ripple as a competitor considering that it “isn’t really a Blockchain modern technology”.

In the meeting with Bloomberg, he discussed the present state of crypto market, Ethereum’s advancement and concerning Surge’s XRP & EOS. When Lupin was asked what would happen if “various other methods which trade speed or decentralization for security” end up acquiring favour in the mid to long-term, he seemed quite calm concerning it.

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

He also explained the factor behind his calmness, “Surge isn’t really a Blockchain technology, it’s kind of a settlement system, so I do not actually think about that a competitor.” He, after that went on to describe his viewpoint pertaining to an additional significant crypto, EOS. He described EOS project as “a somewhat, maybe slightly, decentralized strategy at building a Blockchain system.” Lubin continued, “EOS is a fascinating technology however it’s extremely dangerous to treat it as a layer-one technology.”

At the same time, Lubin highly applauded Ethereum saying that in spite of the decline in rate, over the past ten months, the programmer activity in the ecosystem expanded by “two orders of size”. He included, “We really feel the exponential activity increase in our ecosystem; it is overwhelming exactly what’s going on.”

In the interview, he discussed the current downfall in the prices of electronic currency and claimed that it will certainly not constrict or adversely impact its growth in the future times. He has compared the worth upswing to a bubble which is similar to the formerly occurring “6 large bubbles, each even more epic compared to the previous one, and also each bubble is astonishing 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 solid relationship between the surge in rate as well as the growth of fundamental facilities in the environment and the growth of growth in the ecosystem. We are probably 2 orders of magnitude bigger as a designer neighborhood than we were eight or 10 months earlier.”

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