In a long -term social media post, David Schwartz, Chief Technology Officer at Ripple stated that “the crypto tent only gets bigger” in response to other players in the field of payments and Stablecoins who launch their own block chains.
According to Schwartz, this appears that block chains are now being seen as “core financial infrastructure”.
XRPL’s 13-year-old lead
Schwartz has emphasized that the XRP whides has won “real traction” for the past 13 years. “The XRPL has real traction and institutional adoption because it has been tested, updated and improved by fighting for more than ten years,” he emphasized.
He also noted that the XRPL network is public and permissionless, but it also has a number of optional permitted functions. This naturally distinguishes it from some other block chains that are specifically built with permitted validator sets.
SCHWARTZ previously stated that Ripple has no control over the XRPL, because the company immediately operates only a small part of the validators of the network. However, it should be noted that some critics have previously pointed out that the lion’s share of other validators tends to be wrinkle, which means that they are parents, universities or organizations who have links to the company.
In his most recent post, Schwartz says that decentralization versus centralization is constantly discussed.
Circle’s newest move
The last message from Schwartz arrives after Circle, Ripple’s Archrival, earlier this week the launch of his own Layer-1 (L1) Blockchain announced.
The new EVM-compatible network, which is called “Ark”, is intended to stimulate its Stablecoin ecosystem.
Ark is expected to participate in private tests in the near future.