6 in accordance with an alternative embodiment of the invention. 31. Ripple CTO David Schwartz Makes a Big Statement About The New XRPL AMM Network. Bougalis had spent roughly a . 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. Reach Michael del Castillo at mdelcastillo@forbes.com. Its expertise extends into cross-border and international restructuring matters, including in Asia and Brazil. 30. You need to move things so that the system still works during the transition, and thats where the cost is.. The method of claim 28, further including transferring portions of the task along the second link means bidirectionally. A task inputted to the system is divided into a plurality of portions. 28 Apr 2023 19:00:14 The founders of Ripple, by contrast, created all 100 billion of the XRP tokens at once in 2011. In 2001, David started . The computer system of claim 9, wherein the number of third link means and the number of fourth link means associated with each computer of said lower level computer means are unequal. Today, the Ripple network is so renowned that Colombia considered using it for its national land registry under the previous government administration. CHANGE OF NAME;ASSIGNOR:DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH;REEL/FRAME:005244/0417, Free format text: 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. Ripple loses a veteran cryptographer . I think the clean-sheet approach is almost always going to produce a better design at a lower cost.. 25. Ripple Patents VOL. Loosely coupled compound computer system using lock and semaphore mechanism for performing exclusive control of shared resource which is accessed through a distinct bus, Method and apparatus for commanding operations on a computer network, System control network for multiple processor modules, Mechanism for supporting out-of-order service of bus requests with in-order only requesters devices, Method for regulating access by concurrent transactions to resources, Method of resetting coupled modules and system using the method, Word processing system with a printer shared by a plurality of display units. Ripple is proud to have a strong bench of leaders across our executive team and board of directors. 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. It sounds silly, but to me it might as well have been magic.. 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). Ultimately this results in foreign currency exchanges and a transfer of funds, often via numerous correspondent member banks. 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 method of claim 28, further including processing different portions of the additional task at the same time. 39. The answer is that inefficiency and laziness has made them a lot of money.. 70. 66. Schwartzs centrally located open-plan desk on the second floor is austeretwo flat-panel displays and a black ergonomic keyboard are all you will find. DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., E, Free format text: The computer system of claim 37, wherein said first link means are operable for transferring portions of the task and additional task bidirectionally. Ripple is also widely used in assisting fast payment transfers in many countries and leading banks. 62. The method of claim 63, further including processing different portions of the task at the same time. RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEM, Free format text: The authors sought to characterize the structural and amyloid in vivo correlates of frPSI in cognitiv Ripple CTO David Schwartz Makes a Big Statement About The New XRPL AMM Network. 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. The computer system of claim 46, wherein the number of third link means is greater than the number of fourth link means. With Ripples value at $4.7 billion (and XRPs market cap at $13 billion), Schwartzs net worth is estimated to be about $90 million. Paged Memory Management Unit User s Manual by Motorola, published 1986 cover page, title page, copyright page pp. If a task is inputted to a computer which is presently unavailable to perform the task, the task is not automatically shifted to an available computer on the system since there is no continuous interaction between computers. The primary objective of this study is to evaluate the effects of acetyl-L-carnitine (ALCAR), 3 g daily, and matched placebo on alcohol cue-elicited alcohol craving during a human laboratory paradigm after 4 weeks of daily dosing among participants ages 14-20 with alcohol use disorder (AUD) as confirmed by the Diagnostic and Statistical Manual of Mental Disorders - Fifth Edition (DSM-5) and . Check out his full Patent HERE Is it durable? Normally, and unlike a typical distributed computer system, distributed processing is performed by a number of different microprocessors located within one central processor. As can be readily appreciated, the higher the level of the system, the more computers report their availability status to a single computer and the more likely that an available computer will be found. availability) is reported of lower level computers. The computer system of claim 8, 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. Intercomputer communication control apparatus and method. David Schwartz created the XRPL way back in 1988 when they didn't even had a name for the blockchain. Larsen quickly set out to recruit hundreds of global banks to test early versions of Ripples technology. The thing that intrigued me the most about David Schwartz filling a patent for a DLT type technology is that the patent expiration date was 2008-08-25. FIG. 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. 22. Versatility of a computer system can be increased by using a plurality of small computers, such as personal computers, to perform simple tasks and a central computer for longer more complex tasks. 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. b-1 through b-10. xRapid frees up this capital and lowers costs by substituting the local currencies with the XRP cryptocurrency. The computer system of claim 39, wherein said second link means are operable for transferring portions of the task and additional task unidirectionally. b 1 through b 10. A task inputted to the system is divided into a plurality of portions. 4. As shown in FIG. In high school he was the prototypical nerd: Sports werent his thing, but chess was. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the National Security Agency (NSA). While GPI isnt necessarily a Ripple-killer, it presents another serious hurdle for Ripple to clear. 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. 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. Importantly, while only permissioned institutions can use Ripples products, xRapid is designed to make it easier for banks to use the XRP cryptocurrency, which anyone can buy, and the XRP platform on which anyone can build. 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. 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. 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. 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. David is one of the original architects of the XRP Ledger. The computer system of claim 37, wherein the number of first link means is greater than the number of second link means. of the central processing unit [CPU] to service a request the resource being a machine, e.g. 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. David Schwartz is Chief Technology Officer (CTO) and Chief Cryptographer at Ripple. 64. 51. 59. . chwartzs background mirrors that of many of todays technologists. 33. the ETHERNET computer system). Disclaimer: This content is informational and should not be considered financial advice. 32. 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 . 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 fact, more than half the XRP that will ever exist are still owned by Ripple. We want to create a payment network like SWIFT. Lessening of the load that any one computer is requested to process results. 23. 12. 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. 56. 47. Owner name: The method of claim 28, further including processing different portions of the task at the same time. Mark Brennan has been active in the cryptocurrency sector since 2014. of the central processing unit [CPU] to service a request the resource being a machine, e.g. As CTO, Schwartz will report to CEO Brad Garlinghouse, but in terms of Ripples technical vision hes in charge. Charles Schwartz has filed for patents to protect the following inventions. 36. Crypto-anarchists were beginning to explore the bitcoin blockchain as a way to avoid central oversight. And then, once you have all those properties, is there some use case for that?. 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 computer system of claim 58, wherein each computer means within the computer system is a personal type computer. David is one of the original architects of the XRP Ledger. Meawhile he was getting interested in cryptography. 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. Senior editor covering bitcoin and other blockchain applications. In order to reach the offices, one must first pass through a grand archway that resembles something from Italys Medici era. ;ASSIGNOR:SCHWARTZ, DAVID J.;REEL/FRAME:004938/0770, Owner name: David Schwartz Enterprises Jan 1988 - Jan 19913 years 1 month Invented a hierarchical system for distributing workloads over multiple computers. It didnt take long for banks to see the potential in what Ripple was creating. 46. Does it rust? 44. The mysterious Satoshi Nakamoto is often credited with inventing blockchain - the tech behind the recent cryptocurrency and decentralization boom. 15. Join the club! Prior to joining Ripple, he was a director of software development at Webmaster Incorporated, a Santa Clara software developer. In an era when secure emails are transmitted instantly and the bitcoin and ethereum blockchains move millions in minutes, most international money transfers take at least three days to settle, with fees that are opaque and varied. Jones also commented that other founders selected [] The computer system of claim 37, 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 computer means. In a recent series of tweets, Ripple CTO David Schwartz spoke about his crypto portfolio. 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. As shown in FIG. As many of the portions as possible are distributed for processing on the lowest level of the system. 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. Its a bit like heart surgery, Vandenreydt says. Some 57% of ether production is controlled by three mining pools. In a bizarre blockchain era twist, Ripple is accused of being as centrally controlled as SWIFT itself. 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 . David Schwartz, the CTO of Ripple, has offered valuable insights into the operational methods of Linqto, a fintech firm specializing in investment services.Specifically, Schwartz's commentary sheds light on the approach that Linqto employs to facilitate investments in companies like PolySign, for which he serves as a board member. In 1990 he received a degree in electrical engineering from the University of Houston. I (Illustrated Edition): This paperback includes patents attributed to David Schwartz Enterprises Inc. and Ripple Labs Inc.; such as, A Multilevel Distributed Computer System, and Electronic Payment Network Security, etc. For example, floating, The eleven communications links A, B, C, D, The A and B links are used as communications lines for computers 100 which are on the same level within the distributed computer system. It was like inventing a new material. 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. The bitcoin network came into existence with the mining of the genesis block of bitcoin on 2009-01-03. Paged Memory Management Unit User's Manual by Motorola, published 1986-cover page, title page, copyright page pp. Ripple's CTO David Schwartz shared his opinion on the potential advantages of embracing blockchain-agnostic solutions. In other words, Schwartz was gaining a working knowledge of cryptography at a high level. 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.