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Ripple CTO Gives Befitting Response to Ethereum CEO Vitalik Buterin’s Recent Remarks About XRP




Ripple CTO David Schwartz explains the future of Crypto in Cross-Border Payments

The tussle between Ethereum founder and CEO Vitalik Buterin and Ripple CTO David Schwartz continues as the latter reacts to Buterin’s remarks on XRP.

Vitalik Buterin recently appeared in a podcast titled ‘Bankless’. The CEO reiterates his grievance that XRP has not yet apologised for its statement that Ethereum and Bitcoin both are Chinese-controlled cryptocurrencies. CTO Schwartz responded to Buterin’s comments via a tweet. He pointed out Buterin’s lack of understanding of the XRP and difference between the coin and the parent company Ripple. Schwartz tweeted:

“All this time, and he still doesn’t understand, or is pretending not to understand, that Ripple is a company and XRP is a digital asset, He thinks XRP can say things,”

For everyone interested in crypto it is very important to understand the difference between a coin and the firm or the company that creates it. In the case of XRP, it is the coin, formed by Ripple; the company that does all sorts of different things excluding controlling XRP. Ripple claims that the XRP Ledger, the platform XRP is hosted on, is an entirely decentralised blockchain platform. As per the data, out of 35 validators, the firm only controlled two, which are now being removed. After the UNL update, the two removed validators are replaced by a single Ripple-controlled validator.

Moreover, as for the tussle between the Ethereum CEO and Ripple CTO, it has been in a continuation for a while now. Notably, it all had started when Ripple CEO Brad Garlinghouse had alleged that the SEC is choosing winners, as he had stated the agency is supporting cryptos like Ethereum and Bitcoin, that are Chinese-controlled.

Gracie Perez is a part of RippleCoinNews team since we started. she holds a degree in Computer Sciences. From 2017, She has pivoted her career towards blockchain technology, with principal interest in writing Cryptocurrency news and different guides. She is also working with different online media outlets.

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