The head of the technical department of Ripple, David Schwartz, recently spoke at the SXSW Conference event on the current situation on the crypto market. Schwartz spoke about his work at Ripple, his attitude towards altcoins, and also shared his story about the beginning of his passion for the industry. Recall that at the end of February XRP was covered on Coinbase Pro.
Road to decentralization
At the time, Schwartz was developing secure messengers and cloud storage with cryptographic encryption. That's when Bitcoin caught his eye.
When I first learned about Bitcoin ... it was love at first sight. I studied technology and thought about its potential. Then I wanted to learn as much as possible about the crypt.
After some time, David already understood the Bitcoin code and even received small rewards for fixing minor bugs.
I fell in love with Bitcoin because there was no need for trust in the central operator or organization.
He noted that the main idea of cryptocurrency is to completely change our idea of money, just as the Internet has changed ideas about information. However, while users incorrectly perceive the "flavor" of Bitcoin.
The "highlight" of Bitcoin is that it is completely transparent, anyone can learn the blockchain. Every transaction, every balance is available to everyone at any time. And this is to some extent the magic of decentralization, which miraculously helped to solve the problem of double spending.
But other experts have a different opinion about the main cryptocurrency. Professor of Finance and Management at Yale University, Professor William Getzman, does not consider Bitcoin to be a good means to preserve wealth.
Look for more interesting things in our cryptocheat. Also, look at the rating of coins to be aware of the market situation. Inside the courses, capitalization and charts.
