‘Blockchain Tech Should Be Inclusive of All Cryptos,’ Says Ripple CTO By CoinEdition
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© Reuters. ‘Blockchain Tech Should Be Inclusive of All Cryptos,’ Says Ripple CTO
- CTO David Schwartz argued that a piece of tech should work with multiple cryptos to improve user experience.
- Schwartz believes designing technology exclusively for XRP holders would limit its appeal.
- XRP has grown by over 38% in the last four weeks, putting its price at 0.5058.
Ripple’s Chief Technology Officer (CTO) David Schwartz, recently shared his thoughts about a question he was often asked regarding whether new blockchain technology should be designed to work solely with XRP, the native token of Ripple.
In a series of tweets, Schwartz stated that he believes a piece of blockchain tech should be designed to work with as many assets as possible rather than just XRP. He argued that if the technology only works with XRP, it will limit its appeal to a narrow group of people already interested in XRP.
Many times, I get asked whether something should be made to only work with XRP. Unless it’s an XRPL feature (where XRP really is special because its the only native asset), I almost aways say “no, it should work with anything it can be made to work with”. 1/5
— David “JoelKatz” Schwartz (@JoelKatz) April 8, 2023
The Ripple CTO said he wants the largest pool of possible users without barriers to use XRP, as it would draw more people to the technology and improve user experiences. To illustrate his point, Schwartz wrote:
If Google (NASDAQ:) had tried to make the Internet only work well for people who use Google stuff, the Internet would suck for many people. And then there would be fewer Internet users, devices, and Internet connections to access Google stuff.
Schwartz used another analogy involving coconuts, asking whether it would be better to have a tool that only opens coconuts or one that opens coconuts and also helps prepare lots of other foods.
Overall, Schwartz’s comments suggest that the Ripple blockchain is focused on making its technology accessible to as many people as possible, regardless of whether they use XRP or other cryptocurrencies.
Notably, Ripple’s XRP has grown by over 38% in the last four weeks, putting its price at 0.5058, according to data from the market tracking site, CoinMarketCap.
The post ‘Blockchain Tech Should Be Inclusive of All Cryptos,’ Says Ripple CTO appeared first on Coin Edition.
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© Reuters. ‘Blockchain Tech Should Be Inclusive of All Cryptos,’ Says Ripple CTO
- CTO David Schwartz argued that a piece of tech should work with multiple cryptos to improve user experience.
- Schwartz believes designing technology exclusively for XRP holders would limit its appeal.
- XRP has grown by over 38% in the last four weeks, putting its price at 0.5058.
Ripple’s Chief Technology Officer (CTO) David Schwartz, recently shared his thoughts about a question he was often asked regarding whether new blockchain technology should be designed to work solely with XRP, the native token of Ripple.
In a series of tweets, Schwartz stated that he believes a piece of blockchain tech should be designed to work with as many assets as possible rather than just XRP. He argued that if the technology only works with XRP, it will limit its appeal to a narrow group of people already interested in XRP.
Many times, I get asked whether something should be made to only work with XRP. Unless it’s an XRPL feature (where XRP really is special because its the only native asset), I almost aways say “no, it should work with anything it can be made to work with”. 1/5
— David “JoelKatz” Schwartz (@JoelKatz) April 8, 2023
The Ripple CTO said he wants the largest pool of possible users without barriers to use XRP, as it would draw more people to the technology and improve user experiences. To illustrate his point, Schwartz wrote:
If Google (NASDAQ:) had tried to make the Internet only work well for people who use Google stuff, the Internet would suck for many people. And then there would be fewer Internet users, devices, and Internet connections to access Google stuff.
Schwartz used another analogy involving coconuts, asking whether it would be better to have a tool that only opens coconuts or one that opens coconuts and also helps prepare lots of other foods.
Overall, Schwartz’s comments suggest that the Ripple blockchain is focused on making its technology accessible to as many people as possible, regardless of whether they use XRP or other cryptocurrencies.
Notably, Ripple’s XRP has grown by over 38% in the last four weeks, putting its price at 0.5058, according to data from the market tracking site, CoinMarketCap.
The post ‘Blockchain Tech Should Be Inclusive of All Cryptos,’ Says Ripple CTO appeared first on Coin Edition.
See original on CoinEdition
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