Ripple’s chief technology officer, David Schwartz, believes the cryptocurrency space is broadening as more companies in payments and stablecoins roll out their own blockchains.
In a detailed post on social media, he argued that this trend shows blockchains are increasingly seen as “core financial infrastructure.”
XRPL’s Longevity and Adoption
Schwartz highlighted the XRP Ledger’s 13-year track record, noting it has “real traction and institutional adoption” because it has been consistently tested, upgraded, and refined over the years.
He emphasized that XRPL operates as a public and permissionless network but offers optional permissioned features, setting it apart from blockchains designed with entirely restricted validator sets.
While Ripple directly controls only a small fraction of XRPL’s validators, Schwartz acknowledged the ongoing debate over decentralization, a topic where critics have previously noted that many validators have connections to Ripple through institutions and organizations.
Circle Enters the Layer-1 Arena
Schwartz’s comments coincided with rival stablecoin issuer Circle revealing plans for its own layer-1 blockchain called “Ark.” The EVM-compatible network aims to strengthen Circle’s stablecoin infrastructure and is expected to begin private testing soon.
According to Schwartz, the arrival of new players and platforms doesn’t shrink the market — instead, it adds to the diversity and resilience of the overall crypto “tent,” creating more opportunities for adoption and innovation across the industry.
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Source: https://coindoo.com/xrpls-13-year-track-record-proves-its-value-says-ripple-cto/