28 Apr 2023 19:00:14 To this day Schwartz is not listed as a cofounder of Ripple, despite being employee number two and its chief architect. Its a control, says Schwartz. While not the same, it is eerily similar to how validation works on the XRP Ledger. 23. of the central processing unit [CPU] to service a request the resource being a machine, e.g. 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. Crypto-anarchists were beginning to explore the bitcoin blockchain as a way to avoid central oversight. ASSIGNMENT OF ASSIGNORS INTEREST. Check out his full Patent HERE The mysterious Satoshi Nakamoto is often credited with inventing blockchain - the tech behind the recent cryptocurrency and decentralization boom. 27. The Ripple CTO's comments about Bitcoin and XRP came during a Zoom call with TechRadar Pro a few days ago. processing, if available, by the at least one high level computer the unprocessed portions undistributed to the second of the at least two low level computers. Does it rust? The computer system of claim 37, 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. As many of the portions as possible are distributed for processing on the lowest level of the system. Schwartz went on to help build two financial tools that would become Ripples first core products: xVia, a payment interface designed to let users send payments globally with increased transparency, and xCurrent, enterprise software that lets banks initiate and settle transactions. 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. 39. 50. Jones also commented that other founders selected [] XRP was made to become the greatest asset ever created. 48. David Schwartz, CTO of Ripple, recently tweeted his opinions on how adopting blockchain-agnostic solutions might hasten the spread of XRP and attract more consumers within the Ripple platform. David is one of the original architects of the XRP Ledger. Larsen quickly set out to recruit hundreds of global banks to test early versions of Ripples technology. Is it really strong? 4. 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. 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. 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. 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. 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. DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., E, Free format text: 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. Patents Assigned to RIPPLE LABS INC. Network computing system executing programmatic adapters to implement asynchronous communications Patent number: 11551191 Abstract: A computing system can establish asynchronous network communications with exchanges to facilitate cross-medium transactions between originating and recipient clients. 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. The computer system of claim 1, further including a lower level computer means operable for receiving a further additional task, for processing, if currently available, portions of the further additional task and for distributing for processing those portions of the further additional task unprocessed by the lower level computer means to low level computer means based on the availability, as determined by said lower level computer means, of said low level computer means to process one or more portions of the unprocessed further additional task and for distributing for processing through said communications link means any remaining portions of the further additional task unprocessed by said low level computer means to said high level computer means based on the availability, as determined by said low level computer means, of said high level computer means to process one or more portions of the further additional task unprocessed by said low level computer means. For a fuller understanding of the invention, reference is had to the following description taken in conjunction with the accompanying drawings, in which: FIG. Like a lot of banks, we have to place different bets in different areas, says Santander managing director John Whelan. David Schwartz is Chief Cryptographer at Ripple. In 2014, McCaleb became disgruntled and departed, forking, or copying, XRPs code to start rival venture Stellar. According to the article, as she noted, Schwartz chose Ripple stock instead of XRP. 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. It is also to be understood that the following claims are intended to cover all the generic and specific features of the invention herein described and all statements of the scope of the invention, which, as a matter of language, might be said to fall therebetween. 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. McCaleb and Schwartz joined forces and soon brought on another programmer, Arthur Britto, to help Schwartz finish XRP's technical architecture. With Ripples value at $4.7 billion (and XRPs market cap at $13 billion), Schwartzs net worth is estimated to be about $90 million. SWIFT has had the monopoly for so long, says Mercury CEO Alastair Constance, Why havent they been passing down the cost and time-saving? 28. Lapse for failure to pay maintenance fees, Expired due to failure to pay maintenance fee, Information on status: patent discontinuation. Schwartz dismisses such objections: When you try to update a legacy system, you tend to be pressured to keep things as opposed to replacing them. Disclaimer: This content is informational and should not be considered financial advice. Is it manufacturable? The computer system of claim 23, wherein each computer within the computer system is a personal type computer. 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. 56. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). Ripple's CTO David Schwartz shared his opinion on the potential advantages of embracing blockchain-agnostic solutions. six computers) is to be understood as merely exemplary. What remains unclear (by design) is how many of the non-Ripple validators are relying on the UNLs Ripple has actually deemed to be trustworthy. In a recent series of tweets, Ripple CTO David Schwartz spoke about his crypto portfolio. 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. But one where the settlement, the actual movement of money, the actual plumbing underneath the surface, would be a decentralized, open network, Schwartz says. Similarly, different portions of any additional task are processed at the same time by different computers. 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. And then, once you have all those properties, is there some use case for that?. There is probably no doubt that David Schwartz, as Ripple CTO, owns a large amount of XRP. Schwartz said that miners' involvement in Bitcoin's PoW . Company, Inc., St. Petersburg, Fla., under the registered trademark ETHERNET; FIG. 17. xRapid frees up this capital and lowers costs by substituting the local currencies with the XRP cryptocurrency. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. No continuous active interconnection (i.e. Prior to joining Ripple, he was a director of software development at Webmaster Incorporated, a Santa Clara software developer. 41. The computer system of claim 9, wherein each computer within the computer system is a personal type computer. Probably plenty of videos on Youtube that will explain it in very simple . He mentions a project completed in 2015, when the European Central Bank launched a new platform for linking 20 central securities depositories (CSDs). 49. chwartzs background mirrors that of many of todays technologists. 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). 67. 26. But to truly decentralize the system, Schwartz is urging others to build on the XRP blockchain the way ethereum has. Davids patent used principles that the XRP Ledger uses today and it is currently breaking transaction records almost daily as mass adoption starts to ramp up. Ripple CTO David Schwartz Makes a Big Statement About The New XRPL AMM Network. 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. A multilevel computer system including high level computing means and low level computing means, comprising: said high level computer means including at least one computer and operable for receiving a task, for distributing one or more portions of the task to said low level computer means for processing based on the availability, as determined by said high level computer means, of the low level computer means to process said one or more portions of the task, and for processing, if currently available, all undistributed portions of the task; said low level computer means including at least two computers and operable for receiving an additional task, for processing, if currently available, portions of the additional task, for distributing for processing those portions of the unprocessed additional task to high level computer means based on the availability, as determined by said low level computer means, of the high level computer means to process one or more portions of the unprocessed additional task, and for processing portions of the task received from said high level computer means; and. 8 is a flow chart of FIG. At 5 he would use a screwdriver to dismantle them, removing them from household doors, so that family photos show gaping holes where the knobs should be. Computers on the higher level are used as a last resort for processing when one or more portions of the task cannot be distributed for processing to computers connected through the A, B and D. The A and B links are used to shorten the path along which a portion of a task is to be distributed. The invention accordingly comprises the several steps in a relation of one or more such steps with resepct to each of the others, and the apparatus embodying features of construction, a combination of elements and arrangements of parts which are adapted to effect such steps, all is exemplified in the following detail disclosure, and the scope of the invention will be indicated in the claims. 3 is a block diagram of a computer system marketed by T.S.M. In processing each task within the computer system, different portions of the task are processed at the same time by different computers. The method of claim 63, wherein establishment of the communications link includes coupling each low level computer to at least one other low level computer through two second link means whereby the low level computers form a ring of computers. 16. 66. The multilevel computer system is particularly well suited for use in an office, corporation or the like wherein a hierarchy of personnel exists. But Schwartz, who just returned from a tour of Europes banks, faces many obstacles. A distributed computer system is a network of computers each of which function independently of but in a cooperative manner with each other. 25. The debate centers around trust. RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEM, Free format text: 6. 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 " . SWIFT handles approximately 25 million such messages per day, and the result is an estimated $6.74 trillion in transfers. 6 in terms of a flow chart. 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. David Schwartz created the XRPL way back in 1988 when they didnt even had a name for the blockchain. 55. "The endgame is just money moving invisibly, as easily as information.". By requiring that the complete task be transferred from one computer to another, a state of distributed processing is created. 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 and operable for transferring portions of the task and additional task bidirectionally, 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 to process one or more portions of the task is communicated to said high level computer means and the availability of said high level computer means to process one or more portions of the unprocessed additional task is communicated to said low level computer means along said first link means; and. 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 history of the XRPL could be older than we previously believed. The computer system of claim 1, wherein each computer within the computer system is substantially similar in construction. Most large banks are forced to maintain local currency accounts around the world for use during money transfers.
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