Banks interest in Ripple coincided with the general excitement bubbling up around bitcoin in 2016 and 2017. Larsen quickly set out to recruit hundreds of global banks to test early versions of Ripples technology. 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. The CTO's perspective is that a blockchain-agnostic solution is a technology that can operate with all digital assets in the cryptocurrency space or . According to the article, as she noted, Schwartz chose Ripple stock instead of XRP. 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 . Charles Schwartz has filed for patents to protect the following inventions. 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). 4, a computer 100 includes a central processing unit (CPU) 110, a, Each of the elements within computer 100 is an off the shelf item. 7. The computer system of claim 44, wherein said communications link means includes third link means and fourth link means, said third link means coupling said at least two computer means of said low level computer means to said at least three computer means of said lower level computer means, said fourth link means coupling said at least three computer means of said lower level computer means together wherein the number of third link means and the number of fourth link means coupled to one of the computer means on the lower level computer means are unequal. 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. Ironically, Schwartz, Ripples most zealous ambassador, opted for a salary and a 2% stake in Ripple, instead of the XRP cryptocurrency he helped create. Yesterday, July 18th, author Linda P. Jones shared on Twitter a forbes story about David Schwards titled "Ripple's Trillion-Dollar Man," which spoke about one of the original creators of the Ripple Ledger, David Schwartz. 60. 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 additional task at the same time. Ripple's CTO invented distributed computer system 20 years Ripple's CTO invented distributed computer system 20 years Almost 30 years ago on August 25, 1988, Schwartz filed a patent for a "multilevel distributed computer system" that would "preferably" run on " . 27. 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. 17. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. A distributed computer system is a network of computers each of which function independently of but in a cooperative manner with each other. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class. The computer system of claim 42, wherein said high level computer means and said low level computer means are operable for processing different portions of the additional task at the same time. He can be applauded for clearing the air with respect to how actually decentralized the XRP ledger is through a very informative post on the . 47. Generally, no more than about six computers can be used in the system resulting in a state of limited distributed processing. 10. All the transactions recorded on the XRP blockchain are confirmed using a consensus system comprising groups of validators that analyze the network's transactions. 7 illustrates the operation of FIG. In 2001 he landed at a company in Santa Clara, California, called WebMaster Inc., where he helped design an early cloud-based storage system. Join the club! In the newest episode of Block Stars, Ripple CTO David Schwartz sits down with John Kraski, Director of Strategic Partnerships at NFT Thought Leaders. 52. David Schwartz has been a prominent member of the crypto-sphere from its earliest days and is considered to be a household name within the community. 45. A multilevel distributed computer system for distributed processing preferably includes a plurality of personal computers. Handled interactions with the USPTO to obtain. The two discuss the current state of NFTs, the communities involved in the space and look ahead at the evolution of this technology. A distributed computer system, that is, a network of computers each of which functions independently but in a cooperative manner with each other computer, are well known in the art and generally are assembled in the form of a cluster, token ring or all together along the same line/bus (i.e. 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. 20. To date, Ripple has introduced three important products: xVia, xCurrent and the newer xRapid, which aims to address an age-old problem facing international banks. 49. As many of the portions as possible are distributed for processing on the lowest level of the system. 48. Crypto trader Shuoji Zhou runs FBG Capital, Asia's hottest cryptocurrency hedge fund. 65. The computer system of claim 44, wherein said high level computer means is further operable for receiving from said one of at least two computer means of said low level computer means portions of the undistributed unprocessed further additional task and for distributing for processing, if available, those portions of the undistributed unprocessed further additional task to the other of said at least two computer means and, if available, processing those portions of the undistributed unprocessed further additional task which are not distributed to said other of said at least two computer means. 38 min. GPI isnt a rebuild of their entire back office, says Harry Newman, SWIFTs global head of banking. No continuous active interconnection (i.e. The computer system of claim 46, wherein each computer means within the computer system is a personal type computer. Once. 11. Cat from The Ren & Stimpy Show), to pseudonymously publish his philosophical meanderings. Another object of the invention is to provide an improved distributed computer system in which there is a continuous active interconnection between computers. But to truly decentralize the system, Schwartz is urging others to build on the XRP blockchain the way ethereum has. They sell the coins periodically and have distributed many to insiders. Ripple is fighting a $1.3 billion SEC lawsuit over whether its XRP token is a security. 9. 40. Each second link couples at least two computers of the low level computer means together. Ultimately this results in foreign currency exchanges and a transfer of funds, often via numerous correspondent member banks. That got me into the bitcoin community.. 57. Referring to FIG. Those validators, or nodes, are in turn organized into groups that trust each other called UNLs, or unique node lists. While validators get to choose their own UNL, the list assembled by Ripple is the default, creating a possible area of centralization. Ripple's chief technology officer David Schwartz has offered a simple method to identify what constitutes a security or commodity. Last year it launched its Global Payment Innovation (GPI) initiative in an effort to make its payments real-time. 59. 44. The bitcoin network came into existence with the mining of the genesis block of bitcoin on 2009-01-03. Intellectual property > Patents: licensing Tier 1 Hailed as 'the utmost trusted advisors', the group of attorneys at DLA Piper LLP (US) operates as an 'extension of the in-house team' with superb licensing expertise, which is 'only matched by their business practicality'. EFFECTIVE: JUNE 8, 1989, GERMANY, Assignors: DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH, Arrangements for program control, e.g. CPUs, Servers, Terminals, Allocation of resources, e.g. There is probably no doubt that David Schwartz, as Ripple CTO, owns a large amount of XRP. availability) is reported of lower level computers. 14. The computer system of claim 19, 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. 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. One of the leading architects of the XRP ledger and current Ripple CTO David Schwartz spoke on Nik Bougalis's stepping down from his role as a director of engineering at the blockchain firm. The history of the XRPL could be older than we previously believed. As shown in FIG. In short, Schwartz wants to disrupt SWIFT, the Society for Worldwide Interbank Financial Telecommunication, a Belgian cooperative organization founded in 1973 that counts more than 10,000 financial institutions as its members and is the ultimate middleman in banking. 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. network). As the companys newly appointed chief technology officer, Schwartz is on a mission to dismantle and reassemble one of the biggest gateways on the planetthe one that connects nearly every bank in the world so that trillions of dollars can move from account to account. Theyre enforcing the law in a way that doesnt have any of the normal protections that law enforcement is supposed to have. 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. 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 bidirectionally. A task inputted to the system is divided into a plurality of portions. Ripples xRapid product has also won some converts. 61. 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). xRapid frees up this capital and lowers costs by substituting the local currencies with the XRP cryptocurrency. Leadership Brad Garlinghouse Chief Executive Officer David Schwartz Chief Technology Officer Kristina Campbell Chief Financial Officer Monica Long President Eric Van Miltenburg Chief Business Officer Kiersten Hollars Such communications links significantly add to the required interconnections between the computers and their associated cost. The communications link means has first links and second links. In a recent interview, Ripple CTO David Schwartz talked about the advantages of XRP Ledger's consensus mechanism over Bitcoin's Proof-of-Work (PoW) consensus mechanisms. In early 2011 Schwartz was looking for something new. 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. The method of claim 66, further including transferring portions of the task along the second link means bidirectionally. Mercury FX, a London-based foreign-exchange firm that offers clients an alternative to banks when sending and receiving international currencies, will soon move from its pilot xRapid program to live production. The computer system of claim 43, further including lower level computer means which includes at least three computer means and operable for processing received portions of the task and additional task, one of said at least three computer means operable for receiving a further additional task and processing, if currently available, portions of the further additional task, and wherein one of said at least two computer means of said low level computer means is also operable for receiving from said one of said at least three computer means of said lower level computer means portions the unprocessed further additional task and for distributing for processing, if available, those portions of the unprocessed further additional task to the other two of said at least three computer means of said lower level computer means and, if available, processing those portions of the unprocessed further additional task undistributed to said other two of said at least three computer means. Ripple Labs CTO David Schwartz says those with life-changing amounts of crypto should think about selling some. Davids not a guy who is going to require a lot of micromanagement, Garlinghouse says. But Schwartz, who just returned from a tour of Europes banks, faces many obstacles. Application filed by David Schwartz Enterprises Inc, Assigned to DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., EAST ROCKAWAY, NY A CORP. OF NY, DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., EAST ROCKAWAY, NY A CORP. OF NY, Assigned to RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEMIE, RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEMIE, CHANGE OF NAME (SEE DOCUMENT FOR DETAILS). Rather, the complete task including the entire file is transferred between computers to sequentially process portions of the task. David Schwartz Distributed Computer Network Patents 20 The method of claim 28, further including transferring portions of the task along the first link means bidirectionally. 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.
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