Main navigation

Ripple CTO Compares XRP to Coconut, Here's Why It Is Important Analogy

Advertisement
Sat, 8/04/2023 - 20:00
Ripple CTO Compares XRP to Coconut, Here's Why It Is Important Analogy
Cover image via www.youtube.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News
Advertisement

Ripple Chief Technology Officer David Schwartz has taken to Twitter to clarify an important thing that he has been often asked about recently — "whether something should be made to only work with XRP."

Surprisingly perhaps, but his answer is "no," and Schwartz also compared XRP to a coconut.

Products should not be focused on nothing but XRP, CTO says

Schwartz believes that instead of making dApps and other products working only with XRP, unless we are talking about an XRPL feature, developers should make the choice of assets to work with as wide as possible. Here's how the Ripple CTO puts it: "No, it should work with anything it can be made to work with."

The reason named by Schwartz for this stance is that products made to work only with XRP may lose people's interest in the future. But he and Ripple want XRP to work for as many people as possible.

Advertisement

Here's why wide range of integrated assets is important

Now, he says, there are a lot of platforms and products that do not integrate XRP and when/if they decide to switch into it, they will have a hard time. This is why, according to Schwartz, a product should be able to work with a variety of crypto assets, so that when necessary it can easily add the XRP token to its ecosystem.

"This draw more people to the technology and cause everyone to get better user experiences from that technology. If you can use it even when XRP makes no sense, you can easily use it when XRP does make sense."

Related

Coconut opener that helps cook other foods

At the end of the thread, the CTO compared XRP to a coconut, which are known to be hard to open. Therefore, if you want to make coconuts popular, he says, it would be a good idea to have a "broadly marketed tool" that not only opens coconuts but also "helps prepare lots of other foods."

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD