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Ripple’s David Schwartz worked on distributed computing before the Internet

Anirudh VK



Ripple's David Schwartz worked on distributed computing before the Internet
Source: Unsplash

From being one of the original architects of the XRP Ledger to contributing to the creation of the InterLedger Protocol with Stefan Tomas, David Schwartz, Ripple’s Chief Cryptographer’s offerings to the cryptocurrency-world are numerous. Reports have recently surfaced that show the cryptographer’s contributions to computing and computer systems even before they were in the mainstream.

The year was 1988, with just around 15% of US households utilizing personal computers. It was the age of the Apple II, the Commodore 64 and the Atari ST. David Schwartz, then running his own company known as David Schwartz Enterprises Inc., filed a patent to the United States Patent Office for a computer system.

The computer system in question was a ‘multi-level distributed computer system’ for ‘distributed processing’. It was also mentioned that the system is meant to be used with a ‘plurality’ of personal computers.

Figure 1 from the patent | Source: United States Patent and Trademark Office

Figure 1 from the patent | Source: The United States Patent and Trademark Office

The system is designed to allow an assigned task that shall be divided into a plurality of portions, which are then processed in a distributed fashion. Unprocessed parts of the task are distributed to available computers on higher levels until all the tasks have been distributed.

This seems to be the first mention of distributed computing in the technology world, and the potentials for the invention were recognized by Schwartz in the original document. The patent states:

“The multilevel computer system is particularly well suited for use in an office, corporation or the like wherein a hierarchy of personnel exists. Each user would be provided with a personal computer which would be coupled to one of the levels of the system.”

Figure 6 from the patent | Source: United States Patent and Trademark Office

Figure 6 from the patent | Source: The United States Patent and Trademark Office

The invention is also aimed at providing a computer system where the portions of the task are transferred between computers, with a continuous active interconnection between the computers being necessary and an objective of the patent.

User Throwaway995485 on Reddit said:

“I didn’t invest in XRP. I invested in David Schwartz’s big brain. So far it has made me a shitload of money.”

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Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and interest towards the future of blockchain technology and cryptocurrencies. He does not own any cryptocurrencies currently.


Has XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?




Hash XRP decoupled from Bitcoin? Is it due to immense pressure from manipulators?
Source: Unsplash

Opinion: Bitcoin, the first cryptocurrency, has had over ten years to grow. However, other altcoins did not have the liberty, due to which Bitcoin exerts its dominance over almost all altcoins in the ecosystem, be it Ethereum, XRP, or Cardano. The price of altcoins generally tends to rise if Bitcoin’s price surges rapidly. The same can be said about the downtrend as well, which is why altcoins are said to be coupled with Bitcoin.

However, the recent buzz on crypto-twitter is that XRP is on the verge of decoupling from Bitcoin. A Twitter user @XRPMOONSHINE tweeted:


In a very general sense, the comparison of the price change of XRP and BTC gives a crude understanding of whether the prices have actually decoupled or not. Hence, the daily chart attached below shows the price of BTC and XRP against the US Dollar and extends from August 2018 to April 2019. The price of XRP seems to be following a lag from the price of BTC and do not necessarily mean that it has decoupled.

However, there are timeframes where the price of XRP has moved completely unrelated to that of Bitcoin. For example, the meteoric rise of XRP from September 18 to 22 was far higher than the price pump of BTC over the similar timeframe; but the drop of XRP from November 18 to December 16 was exactly the same as that of BTC’s.

Furthermore, XRPMOONSHINE suggested that XRP price was being manipulated. He tweeted:

“It is being manipulated to keep it from rising. For example look at XRP/BTC pair. Keeping it under the down sloping resistance from .80 in September. Thats what I mean by Suppressed, Although im expecting a fairly large move to the upside before 4/24/19.”

The “idea” of the price of XRP being manipulated is not unpopular within the XRP ecosystem as Peter Brandt, a famed trader, suggested the same in one of his tweets.

Brandt tweeted:


XRP may have started to decouple from Bitcoin, but it surely hasn’t decoupled completely. The notion that XRP is being manipulated to keep its price below certain levels can also not be confirmed without proof.

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