Ripple’s CTO Affirms XRP Interledger Protocol (ILP) Is Not Connected to the RippleNet at the Moment


Ripple’s Chief Technological Officer, David Schwartz, has recently used Twitter to affirm that the Interledger Protocol (ILP) is not linked with RippleNet at the moment.

The discussion started when a Twitter user called @ipinky77 asked if he needed to be worried because RippleNet was not compatible with the ILP yet. He asked about it because of a recent article which was written by Evan Schwartz, the creator of the Interledger Protocol.

On the article, the author wrote that Ripple’s network is not connected to the ILP at the moment and that Ripple’s products use a number of other protocols instead. He did note that it was possible that the changes could happen in the future if there was demand for it, though.

The Twitter user @ipinky77 also affirmed that a Ripple article affirmed that the technology solution for banks, xCurrent, would be built using the ILP, which was considered to be an open and neutral choice by the developers, which he considered to be misleading since the company was not compatible with the ILP.

Finally, the CTO of Ripple, David Schwartz, decided to intervene. He tweeted an answer to the user affirming that the ILP was not stable enough at the time to be used when RippleNet protocols were devised. The original idea was to use it, but they had no choice but to use an older version, which was already ready when they needed.

He said that convergence will be done only when the use cases start to show up, which means that Ripple is basically waiting for the banks to use the ILP first in order to make the effort to upgrade the network to support it.

xCurrent then uses a technology that is inspired by the current Interledger technology.

About the Interledger Protocol (ILP)

The ILP was developed by Stefan Thomas and Evan Schwartz. They decided to create this software in order to make transactions between two ledgers with different currencies easier for the people involved and to alleviate the friction between the current fiat system.

Part of the idea was to enable payments between any kind of ledgers compatible with the system in order to create a “global graph of liquidity”, which would be what the Interledger was all about.

https://bitcoinexchangeguide.com/bitcoin-btc-ethereum-eth-xrp-ripple-and-bch-price-analysis-watch-feb-12th/

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