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Ripple CTO David Schwartz: Stablecoins Should Be Created On XRP Ledger


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RippleNet has been in substantial development ever since it was created in 2012. System users have long been able to conduct transactions on a decentralized ledger – XRP Ledger. They will soon be able to take advantage of an online feature, which will allow them to cast asset-backed tokens like stablecoins on the XRP ledger.

Ripple is adding new features to the company’s XRP Ledger

According to a video released by Ripple last month, Chief Technology Officer (CTO), David Schwartz, said he is working on adding new features to the company’s cryptocurrency ledger. In addition to improvements to the core consensus of the group, CTO has stated in the past not to develop one of the popular features of Blockchain.

He shared:

“Proof-of-Work is a technological dead-end.”

LINK: https://azcoinnews.com/ripple-cto-david-schwartz-stablecoins-should-be-created-on-xrp-ledger.html

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I haven’t read the link but the quotes you posted show an appalling lack of understanding.  Wrong on multiple counts.  Basically drivel.

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