david schwartz ripple patent

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. Cat from The Ren & Stimpy Show), to pseudonymously publish his philosophical meanderings. By requiring that the complete task be transferred from one computer to another, a state of distributed processing is created. 21. On either side are the offices of Bank of America and U.S. Trust. By moving the transactions to a shared, distributed ledger that only permissioned users can access, Ripple claimed to be able to facilitate transactions in as little as a few seconds instead of days. 19. RWE-DEA AKTIENGESELLSCHAFT FUR MINERALOEL UND CHEM, Free format text: In fact, more than half the XRP that will ever exist are still owned by Ripple. 54. Ripple Whale David Schwartz: CTO Reveals His Crypto Portfolio availability) is reported of lower level computers. 6 in accordance with a first embodiment of the invention; and. 41. What remains unclear (by design) is how many of the non-Ripple validators are relying on the UNLs Ripple has actually deemed to be trustworthy. To this day Schwartz is not listed as a cofounder of Ripple, despite being employee number two and its chief architect. 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 39, wherein said second link means are operable for transferring portions of the task and additional task unidirectionally. 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. A multilevel computer system including high level computer means and low level computer 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 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 said 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. CPUs, Servers, Terminals, Allocation of resources, e.g. 61. ;ASSIGNOR:SCHWARTZ, DAVID J.;REEL/FRAME:004938/0770, Owner name: 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. Larsen, who received 9 billion XRP tokens as its CEO, saw his crypto holdings rise to as much as $60 billion. 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. 62. No continuous active interconnection (i.e. 9. 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. Handled interactions with the USPTO to obtain. With Ripples value at $4.7 billion (and XRPs market cap at $13 billion), Schwartzs net worth is estimated to be about $90 million. 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. CHANGE OF NAME;ASSIGNOR:DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH;REEL/FRAME:005244/0417, Free format text: The two discuss the current state of NFTs, the communities involved in the space and look ahead at the evolution of this technology. 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. Patents Assigned to RIPPLE LABS INC. - Justia Patents Search Brain Structural and Amyloid Correlates of Recovery From - PubMed The company has recruited hundreds of the worlds largest financial institutionsfrom UBS and BBVA to American Express and the Bank of Indonesiato test Ripples new tools designed to modernize the way they move money. processing the distributed portions of the additional task by one or more currently available high level computers; wherein different portions of the task are processed at the same time and different portions of the additional task are processed at the same time and wherein portions of the task are transferred along the first link means bidirectionally. 4 is a block diagram of a computer in accordance with the invention; FIG. or a company on a mission to become the connective tissue for global banks, the location of Ripples ultramodern headquarters in San Franciscos financial district couldnt be more auspicious. 6 in accordance with an alternative embodiment of the invention. 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 unidirectionally. Ripple CTO David Schwartz Makes a Big Statement About The New - Reddit It sounds silly, but to me it might as well have been magic.. chwartzs background mirrors that of many of todays technologists. A method of distributed processing within a network of computers, comprising: arranging the network as a multilevel system including at least one high level computer and at least two low level computers; 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 links associated with each low level computer are unequal; distributing one or more portions of a task to be processed by low level computers along the communications links based on the availability of the low level computers to process said one or more portions of the task, said availability being previously communicated to the at least one high level computer along the first link means; processing the distributed portions of the task by the currently available low lever computers; and, processing all undistributed portions of the task by the at least one high level computer; and. Crypto-anarchists were beginning to explore the bitcoin blockchain as a way to avoid central oversight. On Oct. 21, veteran cryptographer Nik Bougalis said that he was parting ways with Ripple. CPUs, Servers, Terminals considering the load, International Business Machines Corporation, The United States Of America As Represented By The Secretary Of The Air Force, American Telephone And Telegraph Company, At&T Bell Laboratories. The blockchain specialist's Chief Technology Officer David Schwartz turned to Twitter to celebrate: "This is awesome news. Marshall Huebner is considered an expert in risk management bankruptcy advisory work. Such an arrangement lessens the load on the control computer and reduces both the volume and cost of data transmission. The computer system of claim 44, wherein said high level computer means, low level computer means and lower level computer means are operable for processing different portions of the further additional task at the same time. The multilevel computer system is particularly well suited for use in an office, corporation or the like wherein a hierarchy of personnel exists. I think the clean-sheet approach is almost always going to produce a better design at a lower cost.. 2, the number of computers shown (i.e. In order to reach the offices, one must first pass through a grand archway that resembles something from Italys Medici era. The method of claim 28, further including processing different portions of the task at the same time. A distributed computer system is a network of computers each of which function independently of but in a cooperative manner with each other. For bitcoin, about 58% of transactions are processed by four mining pools, mostly in China. McCaleb and Schwartz joined forces and soon brought on another programmer, Arthur Britto, to help Schwartz finish XRP's technical architecture. The computer system of claim 39, wherein said second link means are operable for transferring portions of the task and additional task bidirectionally. Here's What XRPL Creator Said On Ripple Exec's Resignation Like a lot of banks, we have to place different bets in different areas, says Santander managing director John Whelan. 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. Crypto trader Shuoji Zhou runs FBG Capital, Asia's hottest cryptocurrency hedge fund. There is probably no doubt that David Schwartz, as Ripple CTO, owns a large amount of XRP. 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. processing, if available, by the at least one high level computer the unprocessed portions undistributed to the second of the at least two low level computers. For a fuller understanding of the invention, reference is had to the following description taken in conjunction with the accompanying drawings, in which: FIG. US5025369A - Computer system - Google Patents The computer system of claim 44, wherein said high level computer means, low level computer means and lower level computer means are operable for processing different portions of the task at the same time. The communications link means has first links and second links. Ripple CTO David Schwartz Makes a Big Statement About The New XRPL AMM Network. The bitcoin network came into existence with the mining of the genesis block of bitcoin on 2009-01-03. PATENT EXPIRED DUE TO NONPAYMENT OF MAINTENANCE FEES UNDER 37 CFR 1.362. A computer system in which portions of a task are performed by a number of different processors is commonly referred to as distributed processing. The method of claim 28, further including processing different portions of the additional task at the same time. 27. n May, as if to acknowledge his being overlooked in Ripples original creation story and hierarchy, Schwartz was discreetly named chief technology officer of the company he helped build from scratch. In other words, there is worry in the crypto community that, like SWIFT, Ripples system remains more centrally controlled than it appears. 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 unidirectionally. Is it really strong? Ripple CTO David Schwartz Makes a Big Statement About The New XRPL AMM Network. Ripple Patents VOL. Ripple (aka XRP): International Payments Platform Blockchain - David The endgame is just money moving invisibly, as easily as information.. Schwartz said that miners' involvement in Bitcoin's PoW . The process took seven years and was estimated to cost $400 million. This gave the untested currency a market value of $140 billion. The computer system of claim 1, further including a lower level computer means operable for receiving a further additional task, for processing, if currently available, portions of the further additional task and for distributing for processing those portions of the further additional task unprocessed by the lower level computer means to low level computer means based on the availability, as determined by said lower level computer means, of said low level computer means to process one or more portions of the unprocessed further additional task and for distributing for processing through said communications link means any remaining portions of the further additional task unprocessed by said low level computer means to said high level computer means based on the availability, as determined by said low level computer means, of said high level computer means to process one or more portions of the further additional task unprocessed by said low level computer means. of the central processing unit [CPU], Allocation of resources, e.g. Each second link couples at least two computers of the low level computer means together. It was a fantastic experience, Schwartz says. 65. The Crypto Basic is not responsible for any financial losses. Speaking of his job at Ripple, Schwartz says that he likes the fact that the company makes it possible for him to work with cutting-edge technologies and build not-yet-decided products. 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 to form a ring of computers and the 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 links associated with each low level computer are unequal; distributing portions of a task to be processed by currently available low level computers along the communications link based on the availability of the low level computers to process one or more portions of the task, said availability being previously communicated to the at least one high level computer along the first link means; processing the distributed portions of the task by currently available low level computers; processing, if currently available, all undistributed portions of the task by the at least one high level computer; processing portions of an additional task by currently available low level computers; distributing for processing along the communications link those portions of the additional task unprocessed by the low level computers to the at least one high level computer based on the availability of the at least one high level computer to process one or more portions of the unprocessed additional task, said availability of the at least one high level computer being previously communicated to at least one of the low level computers along the first link mean; and. Company, Inc., St. Petersburg, Fla., under the registered trademark ETHERNET; FIG. 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. Spains Banco Santander, which happens to have a seat on SWIFTs board of directors, has launched a retail mobile app called One Pay FX using Ripples xCurrent payment product. 1 is a block diagram of a cluster computer system; FIG. "The endgame is just money moving invisibly, as easily as information.". 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. The A and B links (especially if used to form a comlete ring of computers on the same level) avoid such upward passing by providing communications links to computers 100 on the same level or lower levels. XRPioneerXRPatriotXRParzivalCryptoGhost on Twitter: "Ripple b 1 through b 10. 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. 28 Apr 2023 19:00:14 Ripple CTO Explains Why XRP Does Not Use Proof-of-Work - CryptoGlobe The same years he was awarded his first patent for a distributed computer network that he designed (20 years before the Bitcoin blockchain was invented). If no computers are available within the system, however, the unprocessed portions of the task will have been transfered to a computer within the highest level of the system (e.g. Patent Documents Reveal David Schwartz May Have Come Up With XRP Ledger An "AMM" or Automated Market Maker is another way of managing trade and price in exchange markets that uses algorithms, vs the much older CLOB (Centralised Limit Order Book). David Schwartz | Alliance for Innovative Regulation. - AIR In 2012, while Schwartz and Britto wrote code, veteran tech executive Chris Larsen, who previously worked at Prosper Loans, joined Ripple as its first chief executive. b-1 through b-10. The first links transfer portions of the task and any additional task bidirectionally. Computers on the higher level are used as a last resort for processing when one or more portions of the task cannot be distributed for processing to computers connected through the A, B and D. The A and B links are used to shorten the path along which a portion of a task is to be distributed. 17. In 2014, McCaleb became disgruntled and departed, forking, or copying, XRPs code to start rival venture Stellar. 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. Ripple's XRP Sales Strategy: CTO Confirms Reduction in Company Holdings 49. Schwartz dismisses such objections: When you try to update a legacy system, you tend to be pressured to keep things as opposed to replacing them. Lets say you want to transfer $5,000 from your account at JPMorgan Chase to your cousin in La Paz, Bolivia. The computer system of claim 46, wherein each computer means within the lower level computer means is coupled to at least one other computer means within the lower level computer means through two fourth link means whereby the lower level computer means forms a ring of computer means. XRP was made to become the greatest asset ever created. The authors sought to characterize the structural and amyloid in vivo correlates of frPSI in cognitiv Davids not a guy who is going to require a lot of micromanagement, Garlinghouse says. 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. 1. 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. 7 illustrates the operation of FIG. 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. Remaining unprocessed portions of the task are distributed to available computers on successively higher levels of the system until all of the task have been distributed for processing. 68. 52. The computer system of claim 58, wherein each computer means within the computer system is a personal type computer. As of June 2018, some 180 banks were using this encrypted, non-blockchain alternative to transfer about $100 billion in cross-border payments per day. You dont need our permission, and we cant stop you, Schwartz says. The method of claim 63, further including transferring portions of the task along the first link means bidirectionally. 29. 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. The computer system of claim 1, 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. While the XRP blockchain was designed to be open to anyone and therefore independent and trustworthy, Ripple has historically had disproportionate influence over its governance. DLA Piper LLP (US) > San Diego (Downtown) > United States | The Legal Probably plenty of videos on Youtube that will explain it in very simple . The method of claim 28, further including transferring portions of the task along the first link means bidirectionally. The computer system of claim 9, wherein each computer within the computer system is a personal type computer. The computer system of claim 1, wherein said first link means are operable for transferring portions of the task and additional task bidirectionally. ASSIGNMENT OF ASSIGNORS INTEREST. The invention avoids the foregoing drawbacks of distributed computer systems while providing unlimited distributed processing by providing a computer topography which allows computers of the system to communicate with each other on an efficient basis even when a large number of computers are used in the system. We dont know is the official response from a company spokesperson. Theyre enforcing the law in a way that doesnt have any of the normal protections that law enforcement is supposed to have. the ETHERNET computer system). 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 . 64. 69. 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 . 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. The history of the XRPL could be older than we previously believed. In the abstract of the patent filed by Schwartz in August 1988, he describes a distributed network of computers for distributed data processing, with each node handling portions of the data. Banks interest in Ripple coincided with the general excitement bubbling up around bitcoin in 2016 and 2017. Similarly, different portions of any additional task are processed at the same time by different computers. 20. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. six computers) is to be understood as merely exemplary. 6 in terms of a flow chart. The method of claim 28, further including transferring portions of the task along the second link means bidirectionally. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. 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 . control units using stored programs, i.e. As many of the portions as possible are distributed for processing on the lowest level of the system. David Schwartz has been a prominent member of the crypto-sphere from its earliest days and is considered to be a household name within the community. The computer system of claim 37, wherein said first link means are operable for transferring portions of the task and additional task bidirectionally. In a bizarre blockchain era twist, Ripple is accused of being as centrally controlled as SWIFT itself. David Schwartz - CTO - Ripple | LinkedIn 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.

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