Ripple CTO David Schwartz updated that it is still uncertain whether the network problem will be resolved or self-healing. According to the previous XRPL browser page, network activity froze at block height 93927174 for 64 minutes, and then restarted at 10:58 am UTC on February 4. David Schwartz added that four things can happen if a node knows that it cannot reach a consensus with other nodes on the state of the network: 1. Nodes find one they won't arrive in advance...
Ripple CTO David Schwartz said he still hopes to launch his stablecoin RLUSD before the end of the year. But the upcoming holiday season could delay the launch.
David Schwartz, chief technology officer of Ripple, recently joined the list of tech founders opposing Operation Chokepoint 2.0, a government-run campaign to de-bank the crypto industry. Mr. Schwartz said the government was "obsessed with indirect regulation" and listed four reasons why de-banking undermines the rule of law. Schwartz believes that de-banked entities will switch service providers or move money underground - thus evading surveillance and sanctions controls entirely. The CTO also s...
Ripple's chief technology officer, David Schwartz, took to social media to dismiss the lawsuit against Character.AI, saying it lacks merit and emphasising that the company's actions are protected by the First Amendment. The lawsuit alleges that Character.AI chatbot platform is poorly designed and poses security risks, and calls its products "extremely dangerous". In response, Character.AI has taken steps to update security protocols, add age restrictions and user monitoring features. Schwartz be...
Ripple CTO David Schwartz confirmed that the highly anticipated stablecoin RLUSD will initially be available for institutional use only. The news comes ahead of regulatory approval and the official launch of Ripple's "RealUSD".
Ripple CTO David Schwartz recently voiced his support for the company in a lawsuit filed by the Securities Exchange Commission (SEC) against cryptocurrency firm Consensys. Citing the diamond market as an example, Schwartz argued that MetaMask's efforts were not profit-driven. In his argument in favor of Consensys, Schwartz cited the example of luxury diamond company DeBeer. He said MetaMask's activities do not determine users' profits, noting that De...