david schwartz ripple patent

2 is a block diagram of a token ring computer system; FIG. No two computers transmit on the same line at the same time. 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. Well, Ripple, powered by David Schwartz's technological genius, is on a mission to lead international money transfers into a happy (and much faster) future. 52. In 2001 he landed at a company in Santa Clara, California, called WebMaster Inc., where he helped design an early cloud-based storage system. 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. 44. The computer system of claim 8, wherein said high level means, low level means and lower level means are operable for processing different portions of the task at the same time. Along the way, Schwartz developed an online persona, JoelKatz (the name was inspired by Stimpson J. 55. FIG. 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. Ripple's Chief Technology Officer, David Schwartz, and the self-proclaimed Bitcoin inventor, Craig Wright, have been engaging in a public exchange regarding the lawsuit outcome surrounding XRP . 1. 12. 36. 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. Accordingly, it is an object of the invention to provide an improved distributed computer system in which portions of a task rather than the complete task are transferred between computers in processing of the task. The product didnt sell well, but demand for programmers rose during the dot-com era, and Schwartz pursued a number of network-related programming positions. The computer system of claim 14, wherein the fourth link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. The method of claim 63, further including transferring portions of the task along the first link means bidirectionally. 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. 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 . Does it rust? He currently serves as the Chief Technology Officer at Ripple and is considered to be one of the original architects behind the public decentralized blockchain, known as the XRP Ledger. Today, the Ripple network is so renowned that Colombia considered using it for its national land registry under the previous government administration. The Ripple CTO's comments about Bitcoin and XRP came during a Zoom call with TechRadar Pro a few days ago. XRP was made to become the greatest asset ever created. Ripple is fighting a $1.3 billion SEC lawsuit over whether its XRP token is a security. While not the same, it is eerily similar to how validation works on the XRP Ledger. The computer system of claim 39, wherein said second link means are operable for transferring portions of the task and additional task unidirectionally. 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. Similarly, different portions of any additional task are processed at the same time by different computers. On Oct. 21, veteran cryptographer Nik Bougalis said that he was parting ways with Ripple. It sounds silly, but to me it might as well have been magic.. The computer system of claim 1, wherein the number of first link means is greater than the number of second link means. Its a gateway, a barrier, and obstacle. As CTO, Schwartz will report to CEO Brad Garlinghouse, but in terms of Ripples technical vision hes in charge. The method of claim 63, wherein arrangement of the network includes providing that each computer within the system is of similar construction. 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. Ripple executives, including CTO David Schwartz, have admitted the software that is sold to banks for payments processing, XCurrent, is not a blockchain or any form of distributed ledger. 14. Despite the fact that none of Ripples early banking partners were using XRP cryptocurrency, its penny stock price, coupled with confusion over its actual relationship to Ripple, caused XRP to soar on crypto exchanges to a peak of $3.65 in January 2018, up from $.006 only a year before. The computer system of claim 6, 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. A multilevel computer system including high level computing means and low level computing means, comprising: communications link means for transferring 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 the task, for distributing for processing portions of the task to said low level computer means based on the availability, as determined by said high level computer means, of said low level computer means to process one or more portions of the task, said availability being previously communicated to said high level computer means along said first link means of said communication link means and for processing, if currently available, all undistributed portions of the task; said low level computer means including at least two computer means and operable for processing received portions of the task from the high level computer means, one of said at least two computer means operable for receiving an additional task and for processing, if currently available, portions of the additional task; said high level computer means also operable for receiving from 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 for processing by the latter based on the availability of the other of 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 of 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 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, 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 coupled to one of the at least two computer means of said low level computer means are unequal. Readers are encouraged to do thorough research before making any investment decisions. 38 min. 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). 40. Is it really light? The two discuss the current state of NFTs, the communities involved in the space and look ahead at the evolution of this technology. 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. When that barrier goes away, you understand it. 41. 62. The computer system of claim 39, wherein said second link means are operable for transferring portions of the task and additional task bidirectionally. In other words, Schwartz was gaining a working knowledge of cryptography at a high level. DAVID SCHWARTZ ENTERPRISES, INC., 73 EMMET AVE., E, ASSIGNMENT OF ASSIGNORS INTEREST. 53. It will thus be seen that the objects set forth above, and those made apparent from the preceding description, are efficiently attained and, since certain changes may be made in the above method and construction set forth without departing from the spirit and scope of the invention, it is intended that all matter contained in the above description and shown in the accompanying drawings shall be interpreted as illustrative and not in a limiting sense. Ripple Labs CTO David Schwartz is giving some reasonably sound investment advice, though it comes at a strange time for the payments network. 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. Such communications links significantly add to the required interconnections between the computers and their associated cost. But long before Nakamoto published his seminal. 38. The computer system of claim 46, wherein each computer means within the computer system is substantially similar in construction. Mark Brennan has been active in the cryptocurrency sector since 2014. 11. If not, why do I want to trick or force people to get a substandard outcome?. This invention relates generally to a computer system, and more particularly to distributed processing of a task by a distributed computer system. The second links are designed to transfer portions of the task and any additional task either unidirectionally or bidirectionally. The computer system of claim 37, 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. 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.

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