As Ripple reaches a three-year high, Cardano founder Charles Hoskinson and Ripple CTO Schwartz discuss Midnight’s privacy technology and XRP’s expansion.
Charles Hoskinson, the founder of Cardano, recently participated in a technical discussion with David Schwartz, the CTO of Ripple, which piqued the interest of the blockchain community. The conversation centered on XRP, Ripple’s digital asset, and Midnight, a blockchain initiative prioritizing privacy. In what was described as an engaging and collaborative interaction, both leaders shared their perspectives and insights.
On Midnight and XRP, the Cardano Founder Interacts with the Ripple CTO
Cardano founder Hoskinson and Ripple CTO David Schwartz recently engaged in a conversation regarding Midnight’s sophisticated privacy technology and the expanding role of XRP in blockchain innovation, as per a recent post on X (formerly called Twitter). Midnight is intended to improve data management security while ensuring regulatory compliance. Hoskinson conveyed his exuberance for Midnight’s potential to promote the development of blockchain technology and encourage the creation of privacy-centric decentralized applications (dApps).
Similarly, David Schwartz, the Chief Technology Officer of Ripple, characterized Midnight as “extremely intriguing” and emphasized its innovative approach to scalability and privacy. The conversation also encompassed the use cases of XRP, such as its increasing prevalence in cross-border payments. Schwartz underscored the significance of developing blockchain solutions that are both efficient and scalable to address real-world issues.
The proprietor of Cardano responded to the engagement by stating,
“It was great talking to David Schwartz about Midnight and XRP. Wonderful technical conversation.”
Furthermore, Charles Hoskinson recently disclosed his intention to work with the United States government during the administration of Donald Trump to influence crypto legislation. Hoskinson’s objective is to advocate for bipartisan blockchain-friendly regulations emphasizing the necessity of unambiguous guidelines.
This collaboration with the founder of Cardano will establish a unified blockchain industry that is capable of addressing regulatory challenges and furthering technological innovation.
These developments have occurred in recent discussions between Ripple CEO Brad Garlinghouse and Hoskinson, which have intensified speculation regarding the potential collaboration between Ripple and Cardano. Hoskinson’s comments and admiration for Ripple CEO indicate a shared dedication to addressing common challenges in the blockchain sector.
Technical Perspectives on XRP and Midnight
Midnight, a privacy-focused sidechain of the Cardano blockchain, utilizes zero-knowledge cryptography to facilitate secure and private transactions. The Midnight testnet, activated last month, enables developers to investigate decentralized applications (dApps) that prioritize privacy and data protection. Developers can construct decentralized applications by integrating the Compact programming language with TypeScript.
The upcoming ETF application filed by Bitwise Asset Management is gathering momentum for Ripple on the XRP front. Recently, Jeremy Hogan, a lawyer who advocates for XRP, predicted that the ETF decision would likely occur in mid-2025. XRP has also achieved its first significant price breach in two years, reaching a three-year high, which indicates a resurgence in investor confidence.
Furthermore, XRP has experienced a significant increase in trading activity, which has resulted in its first price breakout in two years. The XRP price attained a three-year high due to the potential approval of the XRP ETF and Ripple’s legal victories. Market analysts attribute this rally to a favorable shift in regulatory sentiment and an increase in institutional interest.
