David Schwartz, Chief Technology Officer of Ripple, has sparked lively discussions within the blockchain community following his announcement of participating in the upcoming Permissionless event in Salt Lake City.
Schwartz Criticizes XRPL Labeling
In response to a question from a user on X regarding XRPL being labeled as 'permissioned,' 'semi-permissioned,' or 'trusted,' Schwartz responded negatively: 'I think it's nonsense. Many aspects of blockchains are really important, but the specific way they happen to solve the double-spend problem is of limited practical consequence.'
Ripple's Collaboration with Archax
Meanwhile, the blockchain community is discussing the increased cooperation between Ripple and Archax. The partnership aims to introduce tokenized real-world assets (RWAs) to XRPL, creating numerous opportunities for developers and financial institutions in the ecosystem.
XRP Community Transformation
The XRP community is preparing for a significant organizational transformation with the establishment of the new XRP Ledger Foundation — the Inclusive Financial Technology Foundation. The foundation's extended mandate will focus on enhancing financial inclusion outside of the XRP ecosystem, aiming for long-term growth, security, and decentralization.
At the time of writing, XRP is trading around $0.5679, up 0.51% over the last 24 hours. The token's daily trading volume is roughly $485.36 million, indicating stable interest and activity in the market.
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