Ripple CTO dismisses ‘permissioned’ label for XRPL.
Strategic partnership with SBI Digital Community to boost NFT adoption.
$250 million Creator Fund fuels XRPL development.
Ripple CTO David Schwartz is set to speak at the Permissionless Conference, sparking debate on the XRP Ledger’s classification as “permissioned” or “permissionless.”
👀🎤 I’m speaking at my first @Permissionless this year. I’m told there will be pickleball and weightlifting? But you can find me on stage day two discussing all things institutional DeFi. Catch you in Salt Lake City! pic.twitter.com/29d3w5CEhd
— David "JoelKatz" Schwartz (@JoelKatz) August 16, 2024
Schwartz, a key architect of the XRP Ledger, dismissed these arguments as “nonsense,” emphasizing that the specifics of how a blockchain solves the double-spend problem are largely irrelevant.
A lot of things about blockchains really matter, but how specifically they happen to solve the double-spend problem is pretty much irrelevant. What possible effect does it have?
The XRPL has been in the news from a series of announcements. Ripple had partnered with SBI Digital Community, a subsidiary of SBI Holdings, to increase XRPL’s use in the Web3 community. Specifically, SBI Digital Community’s Web3 platform Bto3 will expand XRPL’s use, particularly by supporting the issuance of NFTs on the blockchain.
Additionally, Ripple has played a major role in the widespread adoption of the XRP Ledger. Beyond sponsoring XRPL’s development, Ripple has also launched significant projects on the blockchain, like its stablecoin.
Moreover, Ripple’s $250 million Creator Fund is attracting more creators to XRPL. The fund provides financial and technical support for creators looking to launch innovative projects on XRPL.
Schwartz’s upcoming appearance at the Permissionless Conference has definitely generated excitement. His dismissal of the ‘permissioned’ vs. ‘permissionless’ debate for XRPL highlights his confidence in the ledger’s unique architecture.
Along with these discussions, Ripple’s partnerships and its Creator Fund clearly underscores the company’s dedication to growing the XRPL ecosystem and encouraging wider adoption. As the blockchain industry continues to develop, the spotlight on Ripple and XRP only gets brighter.
The post Ripple CTO to Tackle XRPL Debate at Permissionless appeared first on Coin Edition.
