In a recent development, Cardano Founder Charles Hoskinson, who had previously criticized XRP and its community online, revealed that he had worked with Ripple in the past. This revelation came as he tried to establish a truce with the XRP community, after the U.S. Securities and Exchange Commission (SEC) listed Cardano as a “Security” offered by non-compliant crypto exchanges.
Charles Hoskinson, in a tweet, questioned why people were claiming that he had worked as an intern at Ripple. The Cardano founder clarified that he had never worked for the blockchain firm in any capacity in the past. However, he did mention Ethereum founder, Vitalik Buterin, in the comment, suggesting that people might be confusing him with the ETH founder instead.
It is worth noting that Vitalik Buterin had indeed confessed to attempting an internship at Ripple back in 2013. Additionally, he wrote an article in the same year that praised the company. The Ethereum founder acknowledged Ripple’s impressive accomplishment of providing a way to send, receive, and hold any currency in a decentralized manner.
While Hoskinson’s past association with Ripple has now been clarified, it is crucial to consider the impact of SEC’s recent classification of Cardano as a “Security.” The classification raises concerns for the Cardano community and cryptocurrency exchanges offering Cardano. Ensuring compliance with the SEC’s guidelines becomes paramount to avoid potential legal repercussions.
On the other hand, Ripple’s accomplishment of enabling decentralized currency transactions is a notable achievement in the blockchain and cryptocurrency space. This development marks a significant step forward in blockchain technology, allowing for greater financial inclusion and more accessible cross-border payments. Ripple’s achievements highlight the potential for growth and innovation in the industry, far beyond just Bitcoin and Ethereum.
In conclusion, it is essential to conduct thorough market research before investing in cryptocurrencies, as market conditions constantly shift and personal opinions may vary. The author, as well as the publication, does not bear any responsibility for personal financial losses. Investors must approach the market with caution and diligently examine the emerging trends, opportunities, and potential risks before making any investment decisions.
Source: Coingape
