Ripple's Chief Technology Officer David Schwartz expressed his views on the movement towards creating proprietary blockchains by companies and the role of XRP Ledger in this trend.
Blockchain as Financial Infrastructure
Schwartz noted that the growing number of payment and stablecoin companies launching their own blockchains confirms the importance of blockchain as core financial infrastructure. This trend aligns with Ripple's vision, which has been pursued for over 13 years since the development of XRP Ledger.
Competitive Advantages of XRPL
Schwartz emphasized that XRPL, unlike permissioned validator blockchains, provides a public structure with optional permissioned features for regulatory compliance. This versatility positions it well for both open and regulated markets.
Future of XRPL and Its Influence on New Projects
Looking ahead, Schwartz mentioned plans for enhancing programmability and liquidity options of XRPL. He also noted that emerging projects are beginning to incorporate core XRPL features, like deterministic finality and Proof-of-Authority consensus, highlighting the standards upheld by XRPL for years.
According to David Schwartz, XRP Ledger is set to remain a significant player in the blockchain space due to its unique combination of functionality, flexibility, and institutional readiness.
