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In 2015 Ripple formed the RippleNet Committee, an advisory team made up of major banks including Bank of America Merrill Lynch, Japans MUFG Bank, Standard Chartered Bank, Westpac and Spains Banco Santander, which invested in Ripple and began experimenting with early versions of its payment technology. OCT 21, 2020. Is it really light? The two discuss the current state of NFTs, the communities involved in the space and look ahead at the evolution of this technology. They met at a coffee shop, where McCaleb shared an idea he had called NewCoin. Fabian Vandenreydt, a former head of SWIFT Global Securities, adds that the issue isnt whether Ripples technology works but whether it saves banks more money than it costs. Ripple executives, including CTO David Schwartz, have admitted the software that is sold to banks for payments processing, XCurrent, is not a blockchain or any form of distributed ledger. thexrpdaily. . The computer system of claim 46, wherein each computer means within the lower level computer means is coupled to at least one other computer means within the lower level computer means through two fourth link means whereby the lower level computer means forms a ring of computer means. Ironically, Schwartzs number one priority is persuading the blockchain community and potential customers that his team at Ripple is losing control of the technology they built. The computer system of claim 9, wherein each computer within the lower level computer means is coupled to at least one other computer within the lower level computer means through two fourth link means whereby the lower level computer means forms a ring of computers. However the SWIFT network is far from efficient. The computer system of claim 48, wherein the fourth link means are operable for transferring portions of the task, additional task and further additional task unidirectionally. The first links couple at least one computer of the high level computer means to at least two computers of the low level computer means. Does it rust? Its a bit like heart surgery, Vandenreydt says. 5, a first distributed computer system embodiment of the invention includes a, Each computer of level III reports its status of availability through its C lines to, With the task now having been transfered to, Processing of a task on a real time basis can be performed by, Level V includes computers which are connected to the D links of, FIG. The founders of Ripple, by contrast, created all 100 billion of the XRP tokens at once in 2011. 19. The following year he was awarded his first patent20 years before Satoshi Nakamoto invented the bitcoin blockchainfor a distributed computer network he designed to lighten the burden of a central processor. In the abstract of the patent filed by Schwartz in August 1988, he describes a distributed network of computers for distributed data processing, with each node handling portions of the data. Company, Inc., St. Petersburg, Fla., under the registered trademark ETHERNET; FIG. The product didnt sell well, but demand for programmers rose during the dot-com era, and Schwartz pursued a number of network-related programming positions. At age 48, Schwartz, bearded and balding with shoulder-length hair, is the Gandalfesque wizard of San Franciscos Ripple and co-creator of the third-most-valuable cryptocurrency, XRP. Disclaimer: This content is informational and should not be considered financial advice. You dont need our permission, and we cant stop you, Schwartz says. 13. Well, Ripple, powered by David Schwartz's technological genius, is on a mission to lead international money transfers into a happy (and much faster) future. 37. Davids not a guy who is going to require a lot of micromanagement, Garlinghouse says. If no bank will do business with me, I dont get a hearing in a court of law, I dont get to read the law, I dont get to confront my accusers. Rather, the complete task including the entire file is transferred between computers to sequentially process portions of the task. NATURAL BORN GENIUS- David Schwartz is one of the worlds most gifted cryptographer, we view him as a genuine genius. 47. The smartphone app allows customers to move money between four pilot countriesSpain, the United Kingdom, Brazil and Poland. 2, the number of computers shown (i.e. 48. 29. Schwartz exposes how many XRP he owns and what his relationship to Bitcoin and Ethereum looks like. Ripple loses a veteran cryptographer . 27. window.coinzilla_display=window.coinzilla_display||[];var c_display_preferences={};c_display_preferences.zone="325fe079eb73cc7840";c_display_preferences.width="300";c_display_preferences.height="250";coinzilla_display.push(c_display_preferences). Banks interest in Ripple coincided with the general excitement bubbling up around bitcoin in 2016 and 2017. While the XRP blockchain was designed to be open to anyone and therefore independent and trustworthy, Ripple has historically had disproportionate influence over its governance. 7 is a flow chart of FIG. Handled interactions with the USPTO to obtain. David Schwartz is the current Chief Technology Officer at Ripple and he has been active in most of the social media platforms explaining his vision for a decentralized ledger as well as simplifying the remittance industry via Ripple products and XRP. Method of and arrangement for ordering of multiprocessor operations in a multiprocessor system. However, a patent document shared by an XRP influencer known as XRP King Doggo IV indicates that Schwartz may have developed the rough concept for the network as far back as 1988. When such specific and detailed instructions are provided a distributed computer system performing distributed processing can not pass portions of a task from one computer to another computer. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO). 68. The computer system of claim 14, wherein the fourth link means are operable for transferring portions of the task, additional task and further additional task unidirectionally. A multilevel computer system including high level computer means and low level computer means, comprising: communications link means for transferring the portions of a task within the computer system, said communications link means including first link means and second link means; said high level computer means including at least one computer means and operable for receiving a task, for distributing portions of the task to said low level computer means for processing of said portions based on the availability of the low level computer means to process one or more portions of the task, said availability being previously communicated to said high level computer means from said low level computer means along first link means of communication link means and for processing, if currently available, all undistributed portions of the task; said high level computer means also operable for receiving from said one of said at least two computer means of said low level computer means portions of the unprocessed additional task and for distributing for processing those portions of the unprocessed additional task to the other of said at least two computer means based on the availability of the other said at least two computer means to process one or more portions of the unprocessed additional task, said availability of the other of said at least two computer means being previously communicated to said high level computer means from the other of said at least two computer means along said first link means, and, if available, processing those portions of the unprocessed additional task undistributed to said other of said at least two computer means; said communications link means also for communicating to said high level computer means along said first link means from said low level computer means the current availability of said low level computer means to process one or more portions of the task and for communicating to said high level computer means along said first link means from the other of said at least two computer means the current availability of the other of said at least two computer means to process one or more portions of the unprocessed additional task, said first link means coupling said at least one computer means of said high level computer means to said at least two computer means of said low level computer means and operable for transferring the portions of the task and additional task bidirectionally, each of said second link means coupling said at least two computer means of said low level computer means together; wherein the number of first link means and the number of second link means associated with each computer means of said low level computer means are unequal and wherein said high level computer means and said low level computer means are operable for processing different portions of the task at the same time and for processing different portions of the additional task at the same time and wherein each computer means within the low level computer means is coupled to at least one other computer means within the low level computer means through two second link means whereby the low level computer means forms a ring of computers. Ripple's CTO invented distributed computer system 20 years before The first links transfer portions of the task and any additional task bidirectionally. While not the same, it is eerily similar to how validation works on the XRP Ledger. Ripple Whale David Schwartz: CTO Reveals His Crypto Portfolio Those portions unprocessed on the lowest level are distributed for processing on the next lowest level. David is one of the original architects of the XRP Ledger. The computer system of claim 14, wherein the fourth link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. The authors sought to characterize the structural and amyloid in vivo correlates of frPSI in cognitiv Craig Wright Claims XRP is No More, Ripple CTO Responds 6 is an expanded distributed computer system in accordance with the invention; FIG. 18. The computer system of claim 46, wherein each computer means within the computer system is substantially similar in construction. when did david schwartz patent xrp - Shopnaturenow However, a patent document shared by an XRP influencer known as XRP King Doggo IV indicates that Schwartz may have developed the rough concept for the network as far back as 1988. r/Ripple The Ripple CBDC team will be collaborating with the Central Bank of Montenegro CBCG on a pilot project to create a CBDC or . A method of distributed processing within a network of computers, comprising: establishing a communications link which includes first link means and second link means wherein the low level computers are coupled together through the second link means and at least one high level computer is coupled to the at least two low level computers through the first link means and wherein the number of first and second link means associated with each low level computer are unequal; distributing along the first link means portions of the task to be processed by currently available low level computers based on the availability of the low level computers to process one or more portions of the task, said availability being previously communicated to said at least one high level computer from at least one of the at least two low level computers along said first link means; processing the distributed portions of the task by the currently available low level computers; processing, if currently available, portions of an additional task by one of the at least two low level computers; distributing along the first link means those portions of the additional task unprocessed by said one of the at least two low level computers to the at least one high level computer if the other of said at least two low level computers is currently available for processing of the additional task; distributing along the first link means, if available, those portions of the additional task to the other of said at least two low level computers based on the availability of the other of said at least two low level computers to process one or more portions of the unprocessed additional task, said availability of the other of said at least two low level computers being previously communicated to said at least one high level computer from the other of said at least two low level computers along said first link means; processing by the second of said at least two low level computers the received portions of the additional task; and. Ripple Labs CTO David Schwartz says those with life-changing amounts of crypto should think about selling some. Patents Assigned to RIPPLE LABS INC. - Justia Patents Search 44. Its expertise extends into cross-border and international restructuring matters, including in Asia and Brazil. Generally, a distributed computer system can not perform distributed processing unless specific and detailed instructions are provided for one computer to serve as the equivalent of a slave processor to another computer. A distributed computer system performing distributed processing with more than about six computers is difficult to work with since many of the same lines, disk drives, printers and other equipment must be shared by each computer. 40. And if persuading bankers to switch to the largely untested Ripple platform wasnt difficult enough, the company also faces competition from a host of other startups, including Stellar, a blockchain money-transfer firm formed in 2014 by one of Ripples founders. The Ripple executive did this in a tweet yesterday, surmising his thoughts on arguments made by lawyers of former Coinbase product manager Ishan Wahi in a motion to dismiss a civil suit filed by the US Securities and Exchange Commission (SEC). Additional levels of computers can be added to the system to further distribute the processing of portions of a task and additional task. processing portions of an additional task by at least one of the at least two low level computers which are currently available for processing, and distributing for processing along the communications link those portions of the additional task unprocessed by the low level computers to any currently available high level computer. 9. wherein the number of first and second link means associated with at least one of the at least two computers of said low level computer means are unequal. Speaking of his job at Ripple, Schwartz says that he likes the fact that the company makes it possible for him to work with cutting-edge technologies and build not-yet-decided products. Generally speaking, in accordance with the invention, a multilevel computer system includes at least one high level computer operable for receiving a task, for distributing portions of the task to be processed by one or more currently available low level computers and for processing, if it can, all undistributed portions of the task itself. 1, a prior art cluster computer system 10 includes between three to six, In operation, once one portion of a task is solved by one, The token ring scheme is based on collision avoidance. Ripple is proud to have a strong bench of leaders across our executive team and board of directors. Patent Documents Reveal David Schwartz May Have Come Up With XRP Ledger Concept In 1988, Former Ripple Exec: XRP Ledger Years Ahead of Ethereum As Vitalik Wanted Internship at Ripple, Binance Total LUNC Burns Surpass 31B as Exchange Burns 1.2B+ Terra Classic, Peter Brandt Says Bitcoin Will Be The Only King Of Hill If This Happens, Binance CEO Praises Shiba Inu While Responding to PEPE Listing, 11.3M Shiba Inu Burned in 24 Hours, 22M in Week, Cardano Founder Responds to Criticism of Building Nothing for Ethereum. The computer system of claim 58, wherein each computer means within the computer system is a personal type computer. The number of first links coupled to at least one computer of the high level computer means and the number of second links coupled to one of the at least two computers of the low level computer means are unequal. The adoption of Ripple products has been modest so far. Lets say you want to transfer $5,000 from your account at JPMorgan Chase to your cousin in La Paz, Bolivia. 28 Apr 2023 19:00:14 The computer system of claim 44, wherein said high level computer means, low level computer means and lower level computer means are operable for processing different portions of the task at the same time. The mysterious Satoshi Nakamoto is often credited with inventing blockchain - the tech behind the recent cryptocurrency and decentralization boom. The computer system of claim 46, wherein the number of third link means is greater than the number of fourth link means. US5025369A - Computer system - Google Patents Lessening of the load that any one computer is requested to process results. Remaining unprocessed portions of the task are distributed to available computers on successively higher levels of the system until all of the task have been distributed for processing. For a fuller understanding of the invention, reference is had to the following description taken in conjunction with the accompanying drawings, in which: FIG. But long before Nakamoto published his seminal. The A and B links (especially if used to form a comlete ring of computers on the same level) avoid such upward passing by providing communications links to computers 100 on the same level or lower levels. 7 illustrates the operation of FIG. This idea of disintermediating these shadow regulators that are not democratically accountable and are not elected but act as policemen kind of resonated with me. Ripple Patents VOL. Theyre enforcing the law in a way that doesnt have any of the normal protections that law enforcement is supposed to have. 50. The blockchain specialist's Chief Technology Officer David Schwartz turned to Twitter to celebrate: "This is awesome news. The computer system of claim 46, wherein the third link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. a complete chain) within that level. In 2001 he landed at a company in Santa Clara, California, called WebMaster Inc., where he helped design an early cloud-based storage system. 42. The computer system of claim 1, wherein each computer within the computer system is substantially similar in construction. With Ripple's value at $4.7 billion (and XRP's market cap at $13 billion), Schwartz's net worth is estimated to be about $90 million. Patents Assigned to David Schwartz Enterprises, Inc. In a bizarre blockchain era twist, Ripple is accused of being as centrally controlled as SWIFT itself. David Schwartz - People in crypto | IQ.Wiki It was like inventing a new material. The method of claim 63, further including processing different portions of the additional task at the same time. Prior art distributed computer systems which automatically shift a task from an unavailable computer to an available computer require complex programming with specially designed communication links between the computers. Schwartz said that miners' involvement in Bitcoin's PoW . David Schwartz is Chief Technology Officer (CTO) and Chief Cryptographer at Ripple. McCaleb and Schwartz joined forces and soon brought on another programmer, Arthur Britto, to help Schwartz finish XRP's technical architecture. Senior editor covering bitcoin and other blockchain applications. With more than 10,000 banks in SWIFTs network, Newman is hopeful that he can transition all of SWIFTs members to its new system GPI system by 2020. computer 900) which will retain the unprocessed portions of the task until an available computer is found based on the status signals received by, Under this alternative embodiment, the operation of, If a computer on level III is available to process a portion of the task, such portion is sent on a D line to that available computer under, Assuming that computers 410-440 are not available for processing a portion of the task which, The operating system for each computer within. His widely read JoelKatz blog is subtitled Democracy is vulnerable to a 51% attack, an allusion to the tipping point at which one party could gain majority control of a cryptocurrency, no longer making it decentralized. The method of claim 28, further including transferring portions of the task along the first link means bidirectionally. wherein the number of first link means and the number of second link means associated with each computer of said low level computer means are unequal and wherein said high level computer means and said low level computer means are operable for processing different portions of the task at the same time and for processing different portions of the additional task at the same time and wherein each computer within the low level computer means is coupled to at least one other computer within the low level computer means through two second link means whereby the low level computer means forms a ring of computers. A task inputted to the system is divided into a plurality of portions. There are detractors inside the cryptoversewho doubt that Ripple's technology is what the company says it is decentralized and not controlled by a single authority. Lapse for failure to pay maintenance fees, Expired due to failure to pay maintenance fee, Information on status: patent discontinuation. As shown in FIG. Restructuring (including bankruptcy): corporate in United States | Law b 1 through b 10. On Oct. 21, veteran cryptographer Nik Bougalis said that he was parting ways with Ripple. As of June 2018, some 180 banks were using this encrypted, non-blockchain alternative to transfer about $100 billion in cross-border payments per day. A task inputted to the system is divided into a plurality of portions. As many of the portions as possible are distributed for processing on the lowest level of the system. communications link means for transferring portions of the task within the computer system, said communications link means including first link means and second link means, said first link means coupling said at least one computer of said high level computer means to said at least two computers of said low level computer means, each of said second link means coupling said at least two computers of said low level computer means together; wherein the availability of said low level computer means is communicated to said high level computer means and the availability of said high level computer means is communicated to said low level computer means along said first link means; and. availability) is reported of lower level computers. The debate centers around trust. Last year it launched its Global Payment Innovation (GPI) initiative in an effort to make its payments real-time. 14. In a recent series of tweets, Ripple CTO David Schwartz spoke about his crypto portfolio. Notably, the networks history is often traced to 2011, when David Schwartz, Jed McCaleb, and Arthur Britto are said to have come together to develop the network. Initially, a user requests that a task be processed in a, If a computer on a level III is available to process that portion of the task, such portion is sent on a D line to that available computer under, Assuming that computers 410-440 are not available for processing the portion of the task which, If one or more computers are available in level IV of, If there are no computers available throughout, In another alternative embodiment of the invention, those portions of the task which have not been transfered for processing to a lower level of the system through D links and which can not be currently processed by the computer which has these one or more portions is transfered along one or more C links until reaching a computer on a higher level which can either process the task itself or has received status signals of availability from a lower level computer. Banco Santander, for example, is working with two other financial infrastructure blockchain platforms, Hyperledger Fabric and Ion, to explore other applications. network). The multilevel computer system is particularly well suited for use in an office, corporation or the like wherein a hierarchy of personnel exists. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA).