Ripple CTO Blasts ‘Subtle Tyranny’ of Blockchain Hype
The chief technology officer of Ripple and the guy who introduced Bitcoin to millions of viewers, Stefan Thomas, now has a different attitude concerning blockchain technology. Does the Blockchain Make Everything Awesome? In a Medium blog post, Stefan Thomas, the creator of the YouTube video “What is Bitcoin?” and one of the developers who helped Gavin....
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It finally happened. After years of uncertainty on the matter, the SEC is taking decisive action against Ripple. The point in question is whether Ripple’s native XRP token is a security or not. Late yesterday, Ripple CEO Brad Garlinghouse said the SEC has made a determination, and they plan to bring action accordingly. Under U.S […]
Longtime blockchain developer, enthusiast and Ripple executive has warned in a new essay that blockchains could bring about a dystopia. Ripple Exec Cites Failures of Social Consensus Model. Stefan Thomas, Chief Technology Officer at Ripple Labs, a leading private and public ledger company, wrote an essay titled “The Subtle Tyranny of Blockchain.” The blockchain industry, he writes, foresees a blockchain revolution across a swathe of industries like finance, international trade and health care. However, Thomas pens, “blockchains are a pain to work with.” “Harmony and consensus are valuable.....
In a surprising turn of events, Ripple’s XRP is up 140% this week, making it the biggest top ten gainer of the past seven days. There’s no denying that XRP is a divisive token that draws criticism on multiple fronts. Recent blasts include the uncertainty bought about by the SEC’s indecision over XRP as a […]
Litecoin and Ethereum are also scrutinized in the report. Ethereum has a fair few high-risk vulnerabilities, as does Litecoin. Blockchain projects are very common in this day and age. Individual companies and projects feel their own ledger-based solution is better than all others. A recent report by China CERT shows there is still a lot of work to be done where open–source block chain projects are concerned. In fact, according to this report, Ripple is the least secure solution, as it contains over 200 high-risk bugs. It was only a matter of time until open source blockchain projects would....
Even though the hype around non-fungible tokens (NFTs) has died down considerably over the past few bear market months, Ripple NFTs developer community continues to invest in this promising market segment of the crypto space. In late September, Ripple announced a $250 million fund to support tokenization innovation that will enable the creation of functional […]