What was Ripple doing at an Ethereum thing?
This question was answered by Warren Paul Anderson in a recent blog post on the Xpring blog.
Xpring considers interoperability for blockchain and crypto very important and a key component for reaching mainstream adoption.
The Ethereum community recently embarked on a mission to reach 1 million developers worldwide. Xpring believes that in order to achieve this feat faster, not just for Ethereum but across all blockchains, it’s best to combine efforts, pool resources and work together, where appropriate, to make it easier for developers to BUIDL on blockchain.
This is why Xpring sponsored three challenges during the Sustain Web 3 virtual hackathon on Gitcoin leading up to ETH Denver. Each challenge has an interoperability theme with a focus on building bridges between the XRP Ledger (XRP) and Ethereum (ETH) over Interledger Protocol (ILP).
The challenges were inspired by the Norse mythology of Bifröst, a burning rainbow bridge that reaches between Midgard the realm of the humans, and Asgard, the realm of the gods (Vanaheim and Niflheim are two of the other nine realms).
Xpring believes the XRP to ETH and ERC-20 tokens bridge is important since XRP is one of the most liquid crypto currencies in the world, but doesn’t have a compute layer to support complex smart contracts for the growing Decentralized Finance (DeFi) market on Ethereum.
The challenges will be live on Gitcoin until February 26th, or whenever completed. Developers are open to explore them and contribute if they seem interesting.
Xpring looks forward to working with more blockchain communities in the future.
Additional Xpring information
In his blog post, Warren gave some additional information on Xpring’s operations:
- Xpring is default open, meaning we build open source software, open protocols and open standards and we love to work with others that do too.
- Almost all of Xpring’s 40+ engineers work on open-source software full-time.
- We actively contribute to and / or support open source projects, including the C++ (rippled) implementation of the XRP Ledger, the Rust and Java implementations of Interledger Protocol, Codius, Web Monetization, Open Payments, and several other open source core libraries.
- We have also held a seat on the C++ Standards Committee since 2015 and are members of the W3C for web payments, so we like contributing to open standards.
- We believe that developers should be given a choice on how to solve their problems, which is one of the reasons why we think interoperability is so important for crypto and blockchain technology to reach mainstream adoption.
David Schwartz talks about Xpring
In a recent talk at the Stanford Blockchain Conference, David Schwartz (Ripple CTO) did talk about Xpring while answering a question.
According to Mr. Schwartz, Ripple is trying to grow the blockchain space, so that it solves people’s real problems.
“The vast majority of what the Xpring part of Ripple does is we are trying to sort of build a thriving blockchain ecosystem because that’s what we think is gonna create a target market for us to sell our products and services into. So that doesn’t require us to make money from that. Google helped build the internet, because it made them money indirectly, but they didn’t have to make money directly. They didn’t have to monetize TCP/IP, they didn’t have to monetize HTTP. They wanted a robust and vibrant internet because that’s their target market. So we also have the luxury of trying to grow our target market.”