Ripple CTO David Schwartz just lately participated in an X dialogue, which wasn’t based mostly on cryptocurrencies per se, however a subject with a probable inclination: the web.
Colleges of thought confer with Web3 as the subsequent iteration of the web, albeit decentralized, with blockchain being the important thing expertise behind it.
The dialogue started when Nikita Bier, the top of product at X and advisor at Solana, threw a query at his 616,600 X followers, asking them what their earliest reminiscence of the web was.
The tweet caught the eye of the Ripple CTO, who shared his earliest reminiscence of the web to be “modifying DOS startup information to load a packet driver, configuring SLIP on SLS Linux (on 14 floppy disks), and memorizing bang paths.”
Modifying DOS startup information to load a packet driver, configuring SLIP on SLS Linux (on 14 floppy disks), and memorizing bang paths. https://t.co/0bnQEgWvRO
— David ‘JoelKatz’ Schwartz (@JoelKatz) October 12, 2025
This data of the web was what the Ripple CTO constructed on, occurring to create XRP in 2012, though work on XRP Ledger started in 2011.
In June 2012, David Schwartz, Jed McCaleb and Arthur Britto launched a distributed ledger that improved upon these basic limitations of Bitcoin, XRP Ledger, with its native cryptocurrency XRP.
Web of worth
Cryptocurrency and blockchain are reworking the alternate of worth, a lot because the web did for the alternate of knowledge, and the journey is anticipated to be very a lot the identical. The cryptocurrency motion emerged from the ashes of the 2008 monetary disaster with the idea that the monetary system might be improved to learn everybody.
Cryptocurrency’s use circumstances differ worldwide, with extra use circumstances attainable with rising Web3 applied sciences.
On this mild, XRP Ledger’s up to date institutional DeFi street map prepares for what lies forward within the subsequent months. This focuses on two themes shaping the subsequent stage of XRPL’s institutional DeFi evolution: the launch of a local lending protocol and the combination of zero-knowledge proofs (ZKPs) for privateness with accountability.
