Monday, January 25, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Regulation

Ripple-backed XRP Ledger Foundation Aims to Help With Adoption of XRP Ledger

September 26, 2020
in Regulation
3 min read
Ripple-backed XRP Ledger Foundation Aims to Help With Adoption of XRP Ledger
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

You might also like

Marathon Stock Jumps After Acquiring $150 Million Worth of Bitcoin

Ripple Senior Executives Predict the Future of Cryptoassets

MicroStrategy CEO: Crypto Regulation Will Push Money Into Bitcoin

On Thursday (September 24), independent and non-profit entity XRP Ledger Foundation announced that it had just launched and that its mission is “to accelerate the development and adoption of the decentralized XRP Ledger.”

Here is a brief explanation of the XRP Ledger:

“The XRP Ledger is “an online system for payments, powered by a community without a central leader. Anyone can connect their computer to the peer-to-peer network that manages the ledger. The XRP Ledger is the home of XRP, a digital asset designed to bridge the world’s many currencies. The XRP Ledger is one part of the developing Internet of Value: a world in which money moves the way information does today.”

XRP Ledger Foundation aims to focus its work in the following four areas:

  • “Driving research and development and contributing to the code that is the core of the XRP Ledger”
  • “Ensuring reliable transaction submissions and data querying to so everyone has reliable access to the XRP Ledger”
  • “Social Impact & Engagement”
  • “Connecting diverse stakeholders to cultivate a thriving, vibrant XRP Ledger ecosystem”

According to its press release, the XRP Ledger Foundation “received an initial donation of over $6.5M from Coil,Ripple and Gatehub to help expand the Foundation’s work and serve the growing number of developers
and other community members building on the XRP Ledger.”

The Foundation will also “work with the broader community, including academic institutions and nonprofits, to meet the ever-changing challenges of fast and low-cost transfer of value in the years ahead.”

Bharath Chari, an advisor to the XRP Ledger Foundation, had this to say:

“This is a very exciting time for the ecosystem.

“The Foundation is extremely happy to be working with stakeholders in the ecosystem to further innovation and use of the XRP Ledger.

“The decentralized XRP Ledger provides an opportunity for developers to leverage the low cost and fast transfer of value for a multitude of use cases.

“We are fully committed to providing support to growing the developer ecosystem.”




Although parts of the roadmap “are already being implemented, thanks to grants from Coil, Ripple and Gatehub,” the Foundation is “seeking additional funding from other participants in the ecosystem.”

David Schwartz, CTO at Ripple, stated:

“The people behind the XRP Ledger Foundation are long-time contributors to the XRP Ledger’s
development and success. Through the Foundation, they will support and provide resources to others
building applications and infrastructure for the community.

“We and the community have worked over the past 8 years to dramatically increase the decentralization,
performance and feature set of the XRP Ledger and remain committed to its future growth and innovation
led by the Foundation.”

And XRP Ledger developer and Foundation board member Wietse Wind said:

“We look forward to having a Foundation that has representation from industry leaders, academics and
social visionaries.

“We will also engage with schools that are part of the University Blockchain Research
Initiative ecosystem in order to further research on improvements to the XRP Ledger.”

Cryptographer and software engineer Nik Bougalis works at Ripple where he is Xpring‘s Director of Engineering. He is also the leader of lead the C++ team, which “has been developing and refining the open source reference server implementation behind the the XRP Ledger. “

When asked on Twitter if he and his C++ team are “moving to the foundation or remaining at Ripple”, Bougalis replied that this team will continue to stay at Ripple:

The @Ripple C++ team is staying in place at Ripple and will continue to contribute to and build on XRPL.

I see it as similar to how Intel employs entire teams of engineers to contribute code to the Linux kernel, which is a project under the auspice of the Linux Foundation.

— Nik B. (@nbougalis) September 24, 2020

Featured Image by “qimono” via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.


Credit: Source link

Previous Post

Economist Nouriel Roubini Says DeFi Has Always Been Nothing More Than Vaporware

Next Post

EOSIO (EOS) Block.one Resource Model Proposal to Stabilize CPU/NET

Related Posts

Van de Poppe Predicts Bitcoin Reaching $40,000, Altcoins Turning Bullish
Regulation

Marathon Stock Jumps After Acquiring $150 Million Worth of Bitcoin

January 25, 2021
XRP’s Daily Active Addresses on the Rise Despite Price Pullback
Regulation

Ripple Senior Executives Predict the Future of Cryptoassets

January 25, 2021
MicroStrategy CEO: Crypto Regulation Will Push Money Into Bitcoin
Regulation

MicroStrategy CEO: Crypto Regulation Will Push Money Into Bitcoin

January 25, 2021
Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600
Regulation

Early Ethereum Investor Achieves Financial Independence After Selling All His ETH

January 25, 2021
CNBC’s Jim Cramer Explains Why He Bought More Bitcoin Around $17,000 Level
Regulation

Jim Cramer to U.S. Lottery Winner: Put 5% of $731.1 Million Jackpot into Bitcoin

January 24, 2021
Next Post
EOSIO (EOS) Block.one Resource Model Proposal to Stabilize CPU/NET

EOSIO (EOS) Block.one Resource Model Proposal to Stabilize CPU/NET

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Analysts Expect Bitcoin to See New Highs as Uptrend Continues

Analysts Expect Bitcoin to See New Highs as Uptrend Continues

November 4, 2020
Denelle Dixon CEO and Executive Director of Stellar Lumens (XLM) on Next 3 years

Denelle Dixon CEO and Executive Director of Stellar Lumens (XLM) on Next 3 years

June 18, 2020

Don't miss it

Van de Poppe Predicts Bitcoin Reaching $40,000, Altcoins Turning Bullish
Regulation

Marathon Stock Jumps After Acquiring $150 Million Worth of Bitcoin

January 25, 2021
Ethereum (ETH) Collectibles Non-collectibles Fungibles and Non-Fungibles
Crypto News

Ethereum (ETH) Collectibles Non-collectibles Fungibles and Non-Fungibles

January 25, 2021
XRP’s Daily Active Addresses on the Rise Despite Price Pullback
Regulation

Ripple Senior Executives Predict the Future of Cryptoassets

January 25, 2021
Six Investment Strategies to Make Bitcoin Less Stressful
Bitcoin

Six Investment Strategies to Make Bitcoin Less Stressful

January 25, 2021
Ethereum Outpacing Bitcoin, Ratio At Two-Year High
Analysis

Ethereum Outpacing Bitcoin, Ratio At Two-Year High

January 25, 2021
Analyst Pits $100,000 Bitcoin Price Prediction Against Bubble Woes
Bitcoin

Analyst Pits $100,000 Bitcoin Price Prediction Against Bubble Woes

January 25, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

Van de Poppe Predicts Bitcoin Reaching $40,000, Altcoins Turning Bullish

Marathon Stock Jumps After Acquiring $150 Million Worth of Bitcoin

January 25, 2021
Ethereum (ETH) Collectibles Non-collectibles Fungibles and Non-Fungibles

Ethereum (ETH) Collectibles Non-collectibles Fungibles and Non-Fungibles

January 25, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$33,400.005.93%
  • ethereumEthereum(ETH)$1,374.382.52%
  • tetherTether(USDT)$1.00-0.38%
  • rippleXRP(XRP)$0.2728050.41%
  • cardanoCardano(ADA)$0.3512060.81%
  • litecoinLitecoin(LTC)$140.712.77%
  • bitcoin-cashBitcoin Cash(BCH)$445.613.53%
  • stellarStellar(XLM)$0.267928-0.56%
  • eosEOS(EOS)$2.68-0.06%
  • moneroMonero(XMR)$140.783.78%
  • tronTRON(TRX)$0.0301041.88%
  • nemNEM(XEM)$0.2270055.60%
  • neoNEO(NEO)$23.86-1.62%
  • iotaIOTA(MIOTA)$0.445018-1.60%
  • dashDash(DASH)$108.413.25%
  • ethereum-classicEthereum Classic(ETC)$7.520.07%