Ripple CTO’s Sarcastic Nod to ‘New Cardano’ Will Shock You!

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Two weeks after its grand debut, Ripple’s CTO David Schwartz finally decided to grace Cardano’s Midnight with his attention. Oh, the suspense! 🎭

It all began with Cardano’s Charles Hoskinson pitching Midnight as the “next-gen privacy stack” of dreams, casually tossing XRP Ledger into the mix as a network that’s already out there doing the heavy lifting-none of that theoretical fluff. 🚀

But what did Schwartz do? Did he write a sonnet? A haiku? No, sir. He simply dropped a line so dry it could dehydrate a cactus. 🌵

I hereby acknowledge midnight.

– David ‘JoelKatz’ Schwartz (@JoelKatz) December 29, 2025

For the uninitiated, Midnight is a blockchain that whispers secrets using zero-knowledge proofs. It’s not about hiding everything, just the stuff that should stay hidden. Think of it as a blockchain introvert with excellent boundaries. 🤫

XRP and ADA: The Eternal Utility Scuffle

Dubbed the “new Cardano,” Midnight employs a fancy public-private ledger approach to keep user data under wraps while still allowing disclosure when necessary. It even uses a dual-token design to keep metadata leaks at bay because, let’s face it, metadata is crypto’s gossip queen. 👑

This matters because it echoes XRP’s longstanding principles: utility, compliance, and systems that businesses can actually use. But Midnight promises to do this without turning every transaction into a public spectacle. 🕶️

Enter Mike Novogratz, the crypto oracle, who recently warned that XRP and Cardano risk fading into irrelevance if they can’t prove their real-world usefulness. He claims the market is shifting toward “business tokens” with actual value, leaving narrative tokens in the dust. 💼

So, yes, Schwartz’s acknowledgement might seem small. But in the wild world of crypto, even a microscopic nod is cause for celebration. 🎉

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2025-12-29 12:54