Bitcoin Developer Peter Todd Doubts Ripple Protocol will Serve Global Financial Needs
A just published report from Bitcoin developer Peter Todd has exhibited a number of concerns in the Ripple protocol. The report has arrived at a time when Ripple Labs, the creator of the aforementioned protocol, has joined hands with multiple renowned corporates and financial institutions to innovate their global finance endeavors. The company has also received around $37 million in seed funding for expanding its cross border payment operations across the globe, a step that has further attracted firms like Commonwealth bank, Western Union and Fedor Bank towards utilizing the Ripple....
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A report commissioned by secretive distributed ledger consulting group R3CEV and authored by bitcoin developer Peter Todd has raised questions about the ability of the Ripple protocol to serve the needs of global financial institutions in its current iteration. The release notably comes at a time when Ripple Labs, the corporate entity overseeing the network, has been increasingly attracting the attention of legacy financial institutions interested in bitcoin and the wider blockchain ecosystem. Ripple Labs has raised $37m to date, and partnered with Commonwealth Bank, Fidor Bank and Western....
Bitcoin debit card provider Coinkite has announced that bitcoin core developer Peter Todd and forex trading veteran Nooshin Mohtashami will join the company in key advisory roles. Todd will serve as Coinkite's 'Chief Naysayer', helping the company review its infrastructure and business practices, while Mohtashami will join the company's advisory board. Noted for his work as a bitcoin developer, Todd is perhaps best known for his involvement with so-called 'Bitcoin 2.0' projects like Counterparty, Mastercoin and Colored Coins. He told CoinDesk that he was drawn to the project, in part,....
Core developer Peter Todd is known for his forthright ideas on how to improve the security and stability of bitcoin, while staying true to the technology's decentralised roots. An avid Twitter user and conference regular, Todd has worked on everything from off-chain transactions and privacy-enhancing stealth addresses to '2.0' projects like Viacoin, Counterparty and coloured coins. In this video, he discusses his first experiences with bitcoin and precursor Hashcash and I ask how centralisation, regulation and scalability might shape bitcoin's future. View the full video interview below:....
Developer Peter Todd has caused quite a stir in the community by committing a double spend on Coinbase. Taking $10 from the company and buying Jeremy Gardner of the Augur project some reddit gold. Todd admitted to the action via Twitter and GitHub with the crack he created. At this time, Gardner says he and Todd were conversing, and Todd had decided to “make a point about security in the industry” Gardner goes on to say that he had succeeded on his first try and was able also to snap a screenshot of the action. Many people in the community went crazy on Twitter following this announcement.....
The R3CEV banking consortium could be partnering with Ripple Labs, according to a tweet from Ripple Labs CEO Chris Larsen. “The future of fintech is bringing together like-minded companies, like @R3CEV and @Ripple. More details to come soon…,” Larsen tweeted. R3CEV Explores Ripple. Jo Lang, R3 research director, wrote a white paper on considerations for Ripple adoption by large financial institutions one year ago. Lang noted that Ripple has focused on partnership versus competing with existing financial institutions seeking to gain efficiencies and improve transaction processes. R3....