Ripple’s former Principal Developer Advocate defends XRP over Smartcontract absence

Matt Hamilton responded to XRP critics and said that smart contracts are coming.

Ripple is a San Francisco-based Fintech company. This company uses XRP coin to provide cross-border payment services for small & big businesses globally. XRP coin is a native token on XRPL Ledger, which operates on Proof-of-stake (PoS) consensus model. People believe XRPL ledger as a highly centralised blockchain network but Ripple team never admitted such claims.

Recently in a Twitter thread discussion, a person criticised XRPL & said that it doesn’t have smart contracts.

Matt Hamilton, former Principal Developer Advocate at Ripple & Principal Developer Advocate at Protocol Labs, responded and said that fungible tokens, NFTs, escrows, multi-sig, and DEX all are available in XRPL as a built-in features and also said that smart contracts are under development phase. 

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Well, most functionality needed (fungible tokens, NFTs, escrows, multisig, DEX) are all built in.

But yes, smart contracts are in development

— Matt Hamilton (@HammerToe) December 22, 2022

Earlier this, this former Ripple official claimed that many bitcoin maximalists were spreading false news about the nature of the XRP coin and also were offering 5 BTC to each person to spread negative statements against XRP.

Here's a screenshot from 2013. This was done to thwart the giving away of free XRP, called Ripples at that time. There weren't many other projects at the time so the likely culprit was BTC maxis. pic.twitter.com/2bkJnA3LRf

— Cryptnomad (@Cryptnomad1) November 27, 2022

According to the allegations, the official Bitcoin forum “Bitcointalk.org” was full of Bitcoin supporters & there were only a few crypto projects after Bitcoin. To gain profit, Bitcoin holders created many negative threads about XRP coin and now people use those many years old Bitcointalk forum threads as a witness to prove XRP is a scam.

It is believed that Bitcointalk was created by anonymous Bitcoin creator Satoshi Nakamoto and he was using talents from the online world to support the Bitcoin network in terms of additional ecosystem development works. 

Just a week ago, Ripple CTO David Schwartz claimed that Satoshi Nakamoto was aware of Ripple because Ripple was already invented in 2004 under the name RipplePay, which was supposed to be a decentralised payment system but was not because of the centralised assets concept.

Ripple CTO claimed that RipplePay creator Ryan Fugger handed over the concept to Chris Larsen and Jed McCaleb. After that the whole crypto sector knows about the journey of Ripple. 

Read also: Brazilian Crypto platforms have 6 Months to adapt new regulations

Ripple’s former Principal Developer Advocate defends XRP over Smartcontract absence

 

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