Ripple’s CTO clarifies that Interledger Protocol [ILP] is not connected to the RippleNet yet

  12 Feb 2019

David Schwartz, the Chief Technological Officer at Ripple, clarified that ILP is not linked to RippleNet and speculated as to when they will be connected.

A Twitter user, @ipinky77 tweeted:

“Do I need to worry? RippleNet is NOT ILP compatible yet? “

This was because of the recent post by Evan Schwartz, the creator of Interledger Protocol [ILP] which stated that Ripple’s Network of banks was currently not connected to or accessible from the open Interledger and that Ripple’s products use a number of other proprietary protocols on top of an ILP-inspired foundation.

He further noted:

“It is possible that both of these could change in the future if there’s a demand from banks to connect to the open interledger, but that’s a decent ways off.”

Interledger protocol [ILP] was developed by two people, Stefan Thomas & Evan Schwartz to facilitate the transactions between two different ledgers with different currencies to go through with ease and less friction than the current fiat system. Through ILP it is possible to enable payments between any ledgers, creating a global graph of liquidity or Interledger.

The user Michael iPinky7 [@ipink77] further referenced a “Ripple Insight” article which stated that Ripple’s solution for banks, xCurrent was built around an open, neutral protocol, the Interledger Protocol [ILP], which would provide interoperability between different ledgers.

Michael iPinky7 stated:

“here it is quite clear: RippleNet IS based on ILP: … now as I have found other “misleading” info in Ripple’s public docu I am still unsure which is correct now.”

David Schwartz, the CTO of Ripple commented that ILP wasn’t stable enough to build production code on when RippleNet protocols needed to be locked down.

He continued:

“So RN use an older version that was ready then. Convergence will be doable when use cases emerge. My gut says that’s at least a year away, but who knows?”

A Twitter user, @placedonhodl commented:

“I believe what he is saying is exactly what we already knew. Banks are not using ILP as they are not using xRapid. They are using xCurrent which uses Interledger-inspired DLT.”

The post Ripple’s CTO clarifies that Interledger Protocol [ILP] is not connected to the RippleNet yet appeared first on AMBCrypto.