in ,

Ripple’s CTO clarifies that Interledger Protocol [ILP] is not connected to the RippleNet yet


David Schwartz, the Chief Technological Officer at Ripple, clarified that ILP is not linked to RippleNet and speculated as to when they will be connected.

A Twitter user, @ipinky77 tweeted:

“Do I need to worry? RippleNet is NOT ILP compatible yet? “

This was because of the recent post by Evan Schwartz, the creator of Interledger Protocol [ILP] which stated that Ripple’s Network of banks was currently not connected to or accessible from the open Interledger and that Ripple’s products use a number of other proprietary protocols on top of an ILP-inspired foundation.

He further noted:

“It is possible that both of these could change in the future if there’s a demand from banks to connect to the open interledger, but that’s a decent ways off.”

Interledger protocol [ILP] was developed by two people, Stefan Thomas & Evan Schwartz to facilitate the transactions between two different ledgers with different currencies to go through with ease and less friction than the current fiat system….



Read Full Story : AMBCrypto

2019-02-12 17:00:29

What do you think?

0 points
Upvote Downvote

Written by Ambcrypto

Co-Founder Quits Avalon Mining Chip Maker Canaan Over ‘Differences’

PrimeXBT To Replace BitMEX: 9 Reasons Why