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Ripple CTO confirms: He worked on the Bitcoin code in 2011

 


Ripple's Chief Technology Officer (CTO) was one of the developers responsible for modifications to Bitcoin codes years after the anonymous creator Satoshi Nakamoto introduced Bitcoin.

Ripple's CTO worked on bitcoin code

Well-known XRP advocate Tiffany Hayden discovered on GitHub back in 2017 that Ripple's CTO, David Schwartz, one of the original architects of the XRP ledger, was also one of the contributors to the Bitcoin code.

When asked on Wednesday whether Ripple's CTO had contributed to the Bitcoin core from the ground up or only after it was first released, he confirmed that he had actually optimized the code for mining pool applications in 2011. He was on with Bitcoin developers like Peter Todd, Matt Corallo and Gavin Andresen, among others.

Andresen, who has since retired from Bitcoin work, was selected by Satoshi as chief developer of the decentralized Bitcoin open source protocol. From there, he accepted a full-time position at the Bitcoin Foundation, which was created to promote Bitcoin public awareness.

Schwartz was inspired by Bitcoin together with Arthur Britto and Jed McCaleb. At the end of 2011 he started developing the XRP Ledger (XRPL). The trio set out to create a cryptocurrency similar to BTC but better.

Often times, Ripple executives tout the advantages of XRP over Bitcoin, mainly pointing out the strong emissions that Bitcoin mining causes.

Executives also insist that while Ripple is responsible for XRP's penetration and other advances, XRP can go on living without the San Francisco-based distributed leger company.

In addition to the main use case of real-time payments from XRP, Ripple is also looking into the possibility of introducing NFTs on XRPL. In September, the company launched a USD 250 million fund for founders.

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