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In a current Twitter change, David Schwartz, the Chief Technical Officer (CTO) of Ripple, weighed in on the continued discussions surrounding the XRP Ledger (XRPL) fork Xahau. The discourse was ignited by Saul, a distinguished determine within the XRP neighborhood, who drew an analogy between XRPL and Nokia, suggesting that Xahau would possibly play the function of Apple, doubtlessly overshadowing XRPL in the identical means Apple did to Nokia.
Ripple CTO Feedback On Xahau
Schwartz’s response to this analogy was each insightful and complete. He started by drawing parallels to the early days of Bitcoin. “I keep in mind within the early days of bitcoin everybody thought that no cryptocurrency might ever overtake Bitcoin as a result of Bitcoin had first mover benefit and a technical benefit was unattainable,” Schwartz remarked. He went on to spotlight that Ethereum, regardless of coming later, managed to undertake know-how that was superior to Bitcoin in sure crucial methods.
The Ripple CTO emphasised the agility of newer blockchains, stating, “Newer blockchains that begin smaller could be extra agile and might develop and show new applied sciences work with actual cash and with out risking the soundness of current L1 chains.” He additionally identified that whereas current chains have the aptitude to combine new applied sciences, they usually have legitimate causes to chorus from doing so.
Schwartz’s most salient level was his perspective on the connection between outdated and new chains. He said, “Most significantly, I feel the concept a brand new chain will detract from an outdated chain is an especially unlikely factor to fret about. We ought to be working collectively to develop the pie somewhat than resenting one thing new that may develop the pie for everybody as a result of it takes a slice.”
The current launch of the Xahau Whitepaper by XRPL Labs has stirred important curiosity throughout the XRP neighborhood. One of many standout options of Xahau is the introduction of Hooks, which brings the aptitude of good contracts to the chain. Nonetheless, it’s important to grasp that Xahau shouldn’t be essentially in direct competitors with XRPL.
The Ripple CTO’s feedback underscore the concept blockchain evolution shouldn’t be a zero-sum sport. Older chains like XRPL, with their historical past, infrastructure, and belief, can coexist harmoniously with newer initiatives like Xahau, that are pushing the boundaries of innovation.
Wietse Wind of XRPL Labs lately tweeted in regards to the collaboration that led to Xahau, expressing pleasure within the joint effort with entities like Gate Hub, Alloy Networks, and Evernode XRPL. He emphasised:
We consider that is the perfect (quickest, most secure) option to get Hooks (light-weight good contracts for the XRPL Protocol) on the market. Now we will shortly begin constructing all of the issues we now have envisioned for daily life utility: powered by the XRP Ledger protocol.
Furthermore, Wind reassured that XRP Labs will proceed to construct software program for all the XRP Ledger ecosystem, “all the pieces we construct can be open for all the ecosystem to learn from. We consider a multi-chain XRP Ledger Protocol ecosystem can deliver each the confirmed resilience of XRPL Mainnet & the limitless new prospects of Hooks,” Wind added.
In conclusion, the emergence of Xahau and its potential improvements doesn’t spell the top for XRPL. As a substitute, it represents the evolution and growth of the blockchain ecosystem, the place a number of chains can coexist, every serving its distinctive function and viewers (whereas Ripple might even revenue fro the event).
At press time, the XRP value remained at an important value degree, making an attempt to reclaim the multi-month pattern line (black).
![Ripple XRP price](https://bitcoinist.com/wp-content/uploads/2023/09/XRPUSD_2023-09-04_14-01-20.png)
Featured picture from BitcoinWiki, chart from TradingView.com
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