RATE Group | Ripple ‘Isn’t Really A Blockchain’ – Ethereum Co-Founder Downplays XRP, EOS
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Ripple ‘Isn’t Really A Blockchain’ – Ethereum Co-Founder Downplays XRP, EOS

16 Aug Ripple ‘Isn’t Really A Blockchain’ – Ethereum Co-Founder Downplays XRP, EOS

Posted at 20:48h in Ethereum News by

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ConsenSys found and Ethereum co-founder Joseph Lubin told mainstream media that Ripple “isn’t a Blockchain technology” August 14, confirming it “isn’t a competitor” for Ethereum.

Lubin: Ripple ‘Isn’t Really A Blockchain’

Speaking to Bloomberg about the current state of the cryptocurrency market and Ethereum development, Lubin delivered an interesting take on two of the industry’s biggest names.

Asked about what would happen if “other protocols which trade speed or decentrazliation for security” gain favor in the mid to long-term, Lubin appeared unfazed.

“Ripple isn’t really a Blockchain technology, it’s sort of a payment system, so I don’t really consider that a competitor,” he told Bloomberg.

Continuing on EOS 00, he described the project as “a slightly, maybe slightly, decentralized approach at building a Blockchain system.”

Lubin qualified the term “slightly” by referring to EOS’ decision-making apparatus, consisting of, as he put it,…

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