'XRP empowers anyone who want to use the ledger to track the ownership and exchange of assets,' David Schwartz said.
that the token is not created to enrich and empower only the top 1% of people controlling the XRP system.
“XRP empowers anyone who wants to use the ledger to track the ownership and exchange of assets… I can’t see any real connection between my patent and XRPL design. The patent was aimed at using “stranded” CPU power that would otherwise go to waste, but the technology didn’t evolve as most people expected it to, and the patent became mostly irrelevant.”
Ripple’s CTO also said his patent predates Bitcoin. However, he clarified that the network behind the largest cryptocurrency by market capitalization “was using proof of work to solve the double spend problem,” which his invention “doesn’t relate to.” Subsequently, Schwartz rejected the rumors that the mysterious creator of Bitcoin, known as Satoshi Nakamoto, has ever made a comment on XRP. Instead, they talked about the original RipplePay system, which is quite different from the decentralized, public blockchain XRP Ledger .Speaking of Ripple’s native coin, it is worth mentioning some of the latest predictions coming from experts regarding its potential price surge.
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