[ccpw id="39382"]

HomeCrypto NewsMarketOld Article Resurfaces From Ethereum Founder Admitting to 'Borrowing' Ripple Concept

Old Article Resurfaces From Ethereum Founder Admitting to ‘Borrowing’ Ripple Concept

Date:

Written By:

Follow Us On

XRP enthusiast wEeZiE draws attention to an old article written by Vitalik Buterin, where he admitted borrowing a concept from Ripple to solve the Ethereum scalability problem.

The article published in Bitcoin Magazine on January 23, 2014, saw Buterin admit that he borrowed Ethereum’s concept of a separate tree and transaction list from Ripple Labs.

Buterin said the concept helped mitigate Ethereum’s “scalability problem in all blockchain-based cryptocurrencies.” However, Buterin did not take credit for any Ethereum-related fundamental breakthrough at the time.

- Advertisement -

Notably, the article was shared by wEeZiE on the popular social media platform X. The XRP enthusiast emphasized the fact that Buterin borrowed a concept from Ripple Labs.

“[…] Wonder when he is gonna return it,” wEeZiE quizzed.

XRP Enthusiasts React

As expected, wEeZiE’s update prompted reactions among XRP enthusiasts. Some cryptocurrency fans used the medium to call for the arrest of people involved in the ETHGate scandal.

- Advertisement -

Another XRP enthusiast shared a meme humorously illustrating how the Ethereum founder created Ethereum. The picture depicts Buterin copying information from Ripple CTO David Schwartz.

Buterin’s Interest in Ripple

Buterin has not hidden his admiration for Ripple Labs. The prominent cryptocurrency entrepreneur acknowledged in a 2019 interview that he once sought an internship opportunity at Ripple back in 2013.

However, the United States government sabotaged Buterin’s efforts to work at Ripple by denying his visa application. As reported earlier, Matt Hamilton, former Ripple director of developer relations, also mentioned the incident during a debate on X.

Hamilton claimed that Buterin slept on Schwartz’s couch while making moves to work at the blockchain company.

Furthermore, early Ethereum adviser Steven Nerayoff also revealed that he once discussed Ripple with Buterin. Nerayoff, who has gone viral over his recent allegations about ETH early sales, said he used Ripple as an example of how a blockchain company should operate in the crypto industry.

The Ethereum adviser recounted how a top Ripple exec in a meeting delegated questions about XRP to another company representative. Per Nerayoff, the incident indicates that only one person in Ripple is allowed to talk about XRP.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

More from Author

Latest Stories

Guides