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Ripple CTO Says XRPL is First Blockchain To Not Use PoW

Published 10/13/2022, 09:35 AM
Updated 10/13/2022, 10:00 AM
Ripple CTO Says XRPL is First Blockchain To Not Use PoW
XRP/USD
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  • David Schwartz revealed that the XRPL was the first blockchain to not use PoW.
  • He added that the Ripple founder hired him to replace the PoW consensus model.
  • XRPL uses a consensus algorithm created by Schwartz, Arthur Britto & Noah Youngs.

In a revelation on Twitter, Ripple’s CTO and one of the original XRPL designers, David Schwartz shared that the XRP Ledger (XRPL) was the first blockchain to not use proof-of-work (PoW).

Schwartz further added that Ripple founder Jed McCaleb hired him to provide a solution to replace the PoW consensus model. He tweeted out the claim in response to an inquiry made by Stefan Huber.

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