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Ripple CTO Says He Optimized Bitcoin Code in 2011

Thu, 12/30/2021 - 13:20
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Yuri Molchan
Ripple CTO David Schwartz admits that he optimized the Bitcoin code 10 years ago
Ripple CTO Says He Optimized Bitcoin Code in 2011
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Chief technology officer of San-Francisco-based Ripple tech giant has turned out to be one of those IT engineers who participated in optimizing the code of the flagship cryptocurrency—Bitcoin—a few years after the mysterious Satoshi Nakamoto launched it.

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In 2017, major XRP supporter Tiffany Hayden discovered on GitHub that David Schwartz was among the large group of developers who modified the BTC code.

When asked directly on Twitter about it now, the Ripple CTO admitted that he indeed optimized the BTC code for mining pool applications back in 2011. He is on the list together with such BTC developers as Gavin Andresen and Peter Todd.

The anonymous Bitcoin creator Satoshi personally picked Andresen as the "core maintainer" of the Bitcoin open-source code.

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In 2012, Andresen became one of the directors of the nonprofit Bitcoin Foundation, which was built to restore Bitcoin's reputation after it was claimed as a payment tool for criminals and drug dealers.

Founding Ripple Labs

In 2011, David Schwartz, Jed McCaleb and Arthur Britto started working on XRP Ledger, inspired by Bitcoin but hoping to make a better version of it. Chris Larsen then joined them, and they founded OpenCoin, later rebranded as Ripple Labs.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at