. Handled interactions with the USPTO to obtain. F or a company on a mission to become the connective tissue. 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. Around this time Schwartz met Jed McCaleb, the founder of the Mt Gox bitcoin exchange and an early Napster competitor called eDonkey 2000. 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. 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. In 2014, McCaleb became disgruntled and departed, forking, or copying, XRPs code to start rival venture Stellar. of the central processing unit [CPU] to service a request the resource being a machine, e.g. 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. Some 57% of ether production is controlled by three mining pools. EFFECTIVE: JUNE 8, 1989, GERMANY, Assignors: DEUTSCHE TEXACO AKTIENGESELLSCHAFT GMBH, Arrangements for program control, e.g. thexrpdaily. 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. The method of claim 63, further including processing different portions of the task at the same time. Senior editor covering bitcoin and other blockchain applications. 64. 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. 10. When that barrier goes away, you understand it. The computer system of claim 3, wherein said second link means are operable for transferring portions of the task and additional task bidirectionally. 6 in terms of a flow chart. 2. Is it really light? One of the leading architects of the XRP ledger and current Ripple CTO David Schwartz spoke on Nik Bougalis's stepping down from his role as a director of engineering at the blockchain firm. Ripple loses a veteran cryptographer . To help offset concerns that the company could flood the cryptocurrency market or manipulate prices, Ripple has locked up its XRP into smart contracts that hold the currency in escrow, temporarily releasing 1 billion tokens a month. Paged Memory Management Unit User's Manual by Motorola, published 1986-cover page, title page, copyright page pp. 19. Once. network). 17. a complete chain) within that level. 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 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. The computer system of claim 37, wherein the number of first link means is greater than the number of second link means. Ripple is also widely used in assisting fast payment transfers in many countries and leading banks. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. 23. David is one of the original architects of the XRP Ledger. With Ripples value at $4.7 billion (and XRPs market cap at $13 billion), Schwartzs net worth is estimated to be about $90 million. The computer system of claim 3, wherein said second link means are operable for transferring portions of the task and additional task unidirectionally. Crypto trader Shuoji Zhou runs FBG Capital, Asia's hottest cryptocurrency hedge fund. In high school he was the prototypical nerd: Sports werent his thing, but chess was. 47. Ironically, Schwartz, Ripples most zealous ambassador, opted for a salary and a 2% stake in Ripple, instead of the XRP cryptocurrency he helped create. 20. While Schwartz doesnt identify as a libertarian, he had purchased a few bitcoins and agreed with many of the movements ideals. As shown in FIG. Theyre enforcing the law in a way that doesnt have any of the normal protections that law enforcement is supposed to have. 21. 49. Patents Assigned to David Schwartz Enterprises, Inc. Computer system Patent number: 5025369 Abstract: A multilevel distributed computer system for distributed processing preferably includes a plurality of personal computers. Is it really strong? . The computer system of claim 37, wherein the number of first link means and the number of second link means associated with each computer means of said low level computer means are unequal. The answer is that inefficiency and laziness has made them a lot of money.. 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. 45. By requiring that the entire task be transferred as one package from one computer to the next, interaction between the distributed computer system and user while a task is being processed is difficult. of the central processing unit [CPU], Allocation of resources, e.g. 28 Apr 2023 19:00:14 68. The Crypto Basic is not responsible for any financial losses. 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. Davids not a guy who is going to require a lot of micromanagement, Garlinghouse says. In this way Ripple hopes to transform XRP into a decentralized reserve currency for international banks. of the central processing unit [CPU] to service a request the resource being a machine, e.g. 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. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class. His widely read JoelKatz blog is subtitled Democracy is vulnerable to a 51% attack, an allusion to the tipping point at which one party could gain majority control of a cryptocurrency, no longer making it decentralized. Ripple isnt the only blockchain startup that is after SWIFT. The computer system of claim 1, 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 1, wherein each computer within the computer system is substantially similar in construction. rom an early age David Schwartz was obsessed with doorknobs and locks. Cover image by Jamel Toppin for Forbes. 65. 2, the number of computers shown (i.e. The method of claim 28, further including transferring portions of the task along the second link means bidirectionally. Each user would be provided with a personal computer which would be coupled to one of the levels of the system. In the newest episode of Block Stars, Ripple CTO David Schwartz sits down with John Kraski, Director of Strategic Partnerships at NFT Thought Leaders. 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. The function of a doorknob is to control the movement between two spaces. The computer system of claim 43, further including lower level computer means which includes at least three computer means and operable for processing received portions of the task and additional task, one of said at least three computer means operable for receiving a further additional task and processing, if currently available, portions of the further additional task, and wherein one of said at least two computer means of said low level computer means is also operable for receiving from said one of said at least three computer means of said lower level computer means portions the unprocessed further additional task and for distributing for processing, if available, those portions of the unprocessed further additional task to the other two of said at least three computer means of said lower level computer means and, if available, processing those portions of the unprocessed further additional task undistributed to said other two of said at least three computer means. Ironically, Schwartz himself may be Ripples best weapon to prove that the XRP blockchain is actually decentralized, and thus trustworthy and secure. The computer system of claim 46, wherein the number of third link means and the number of fourth link means associated with each computer means of said lower level computer means are unequal. 4 is a block diagram of a computer in accordance with the invention; FIG. 15. A task. Intellectual property > Patents: licensing Tier 1 Hailed as 'the utmost trusted advisors', the group of attorneys at DLA Piper LLP (US) operates as an 'extension of the in-house team' with superb licensing expertise, which is 'only matched by their business practicality'. However the SWIFT network is far from efficient. 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. Prior to joining Ripple, David Schwartz was Chief Technical Officer for WebMaster Incorporated, a Santa Clara software developer. Ripple's CTO invented distributed computer system 20 years Ripple's CTO invented distributed computer system 20 years Almost 30 years ago on August 25, 1988, Schwartz filed a patent for a "multilevel distributed computer system" that would "preferably" run on " . Larsen, who received 9 billion XRP tokens as its CEO, saw his crypto holdings rise to as much as $60 billion. 70. b 1 through b 10. Bougalis had spent roughly a . 36. Its a bit like heart surgery, Vandenreydt says. computer 900) which will retain the unprocessed portions of the task until an available computer is found based on the status signals received by, Under this alternative embodiment, the operation of, If a computer on level III is available to process a portion of the task, such portion is sent on a D line to that available computer under, Assuming that computers 410-440 are not available for processing a portion of the task which, The operating system for each computer within. 34. 29. A task inputted to the system is divided into a plurality of portions. 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. There are detractors inside the cryptoversewho doubt that Ripple's technology is what the company says it is decentralized and not controlled by a single authority. Schwartz exposes how many XRP he owns and what his relationship to Bitcoin and Ethereum looks like. Like a lot of banks, we have to place different bets in different areas, says Santander managing director John Whelan. Prior art distributed computer systems which automatically shift a task from an unavailable computer to an available computer require complex programming with specially designed communication links between the computers. It didnt take long for banks to see the potential in what Ripple was creating. The process took seven years and was estimated to cost $400 million. Mercury FX, a London-based foreign-exchange firm that offers clients an alternative to banks when sending and receiving international currencies, will soon move from its pilot xRapid program to live production. In other words, there is worry in the crypto community that, like SWIFT, Ripples system remains more centrally controlled than it appears. Most large banks are forced to maintain local currency accounts around the world for use during money transfers. In 2015 Ripple formed the RippleNet Committee, an advisory team made up of major banks including Bank of America Merrill Lynch, Japans MUFG Bank, Standard Chartered Bank, Westpac and Spains Banco Santander, which invested in Ripple and began experimenting with early versions of its payment technology. 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. 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. A task inputted to the system is divided into a plurality of portions. 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. The method of claim 28, further including processing different portions of the additional task at the same time. 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. During his decade there he also consulted for the National Security Agency (NSA), helping integrate the agencys networking software with the existing security and public key infrastructure technology. David Schwartz created the XRPL way back in 1988 when they didnt even had a name for the blockchain. Lessening of the load that any one computer is requested to process results. David Schwartz created the XRPL way back in 1988 when they didn't even had a name for the blockchain. Chase sends a secure message via SWIFTs vast network to the receiving bank in Bolivia. The method of claim 66, further including transferring portions of the task along the second link means bidirectionally. Yesterday, July 18th, author Linda P. Jones shared on Twitter a forbes story about David Schwards titled "Ripple's Trillion-Dollar Man," which spoke about one of the original creators of the Ripple Ledger, David Schwartz. David is one of the original architects of the XRP Ledger. Leadership Brad Garlinghouse Chief Executive Officer David Schwartz Chief Technology Officer Kristina Campbell Chief Financial Officer Monica Long President Eric Van Miltenburg Chief Business Officer Kiersten Hollars A multilevel distributed computer system for distributed processing preferably includes a plurality of personal computers. Generally, no more than about six computers can be used in the system resulting in a state of limited distributed processing. If not, why do I want to trick or force people to get a substandard outcome?. In a recent Twitter exchange, Schwartz explained that this approach not only generates revenue for Ripple but also contributes to decentralization by reducing the company's XRP holdings. Cat from The Ren & Stimpy Show), to pseudonymously publish his philosophical meanderings. 28. The method of claim 63, further including transferring portions of the task along the first link means bidirectionally. The C link of each computer 100 is used to communicate/transfer information to or receive information from another computer 100 which is on a higher level of the system. This invention relates generally to a computer system, and more particularly to distributed processing of a task by a distributed computer system. 8. Crypto-anarchists were beginning to explore the bitcoin blockchain as a way to avoid central oversight. 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. 56. The bitcoin network came into existence with the mining of the genesis block of bitcoin on 2009-01-03. According to the article, as she noted, Schwartz chose Ripple stock instead of XRP. The two discuss the current state of NFTs, the communities involved in the space and look ahead at the evolution of this technology. 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. ASSIGNMENT OF ASSIGNORS INTEREST. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. "The endgame is just money moving invisibly, as easily as information.". Readers are encouraged to do thorough research before making any investment decisions. However, a patent document shared by an XRP influencer known as XRP King Doggo IV indicates that Schwartz may have developed the rough concept for the network as far back as 1988. 3. 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. Banco Santander, for example, is working with two other financial infrastructure blockchain platforms, Hyperledger Fabric and Ion, to explore other applications. Such communications links significantly add to the required interconnections between the computers and their associated cost. With Ripple's value at $4.7 billion (and XRP's market cap at $13 billion), Schwartz's net worth is estimated to be about $90 million. But to truly decentralize the system, Schwartz is urging others to build on the XRP blockchain the way ethereum has. 44. 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. 41. 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. David Schwartz is Chief Technology Officer (CTO) and Chief Cryptographer at Ripple. If its the best solution, use it. 54. The competition has jolted SWIFT into action. Join the club! In other words, Schwartz was gaining a working knowledge of cryptography at a high level. Ultimately this results in foreign currency exchanges and a transfer of funds, often via numerous correspondent member banks. David Schwartz, Ripple's Chief Technology Officer (CTO), has confirmed that the majority of the company's revenue comes from selling its XRP holdings. David Schwartz is the current Chief Technology Officer at Ripple and he has been active in most of the social media platforms explaining his vision for a decentralized ledger as well as simplifying the remittance industry via Ripple products and XRP. Charles Schwartz has filed for patents to protect the following inventions. The computer system of claim 9, wherein each computer within the computer system is a personal type computer. Additional levels of computers can be added to the system to further distribute the processing of portions of a task and additional task. Referring to FIG. The method of claim 63, wherein arrangement of the network includes providing that each computer within the system is of similar construction. It is also to be understood that the following claims are intended to cover all the generic and specific features of the invention herein described and all statements of the scope of the invention, which, as a matter of language, might be said to fall therebetween. He developed encrypted cloud storage and enterprise messaging systems for organizations like CNN and the. Preferably, the distributed computer system should include a plurality of personal computers operable for performing distributed processing to avoid the need for a mainframe. 61. Ironically, Schwartzs number one priority is persuading the blockchain community and potential customers that his team at Ripple is losing control of the technology they built. Rather, the complete task including the entire file is transferred between computers to sequentially process portions of the task. 6 in accordance with a first embodiment of the invention; and. But one where the settlement, the actual movement of money, the actual plumbing underneath the surface, would be a decentralized, open network, Schwartz says. That got me into the bitcoin community.. The invention accordingly comprises the several steps in a relation of one or more such steps with resepct to each of the others, and the apparatus embodying features of construction, a combination of elements and arrangements of parts which are adapted to effect such steps, all is exemplified in the following detail disclosure, and the scope of the invention will be indicated in the claims. 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. Ripple Labs CTO David Schwartz says those with life-changing amounts of crypto should think about selling some. 32. Chris Larsen, Ripples executive chairman, adds: Hes, if not the soul, hes a key part of the soul of what were trying to do here.. 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. 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 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. Ripples xRapid product has also won some converts. Ripple is fighting a $1.3 billion SEC lawsuit over whether its XRP token is a security. xRapid frees up this capital and lowers costs by substituting the local currencies with the XRP cryptocurrency. In processing each task within the computer system, different portions of the task are processed at the same time by different computers. 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. As for the validators, Schwartz claims that only 10 of the 150 currently supporting the network are managed by Ripple. Last year it launched its Global Payment Innovation (GPI) initiative in an effort to make its payments real-time. By requiring that the complete task be transferred from one computer to another, a state of distributed processing is created. Still other objects and advantages of the invention will in part be obvious and will in part be apparent from the specification. 66. How many transactions rely on Ripples sanctioned validators? availability) is reported of lower level computers. 11. 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. 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. As many of the portions as possible are distributed for processing on the lowest level of the system. processing portions of an additional task by at least one of the at least two low level computers which are currently available for processing, and distributing for processing along the communications link those portions of the additional task unprocessed by the low level computers to any currently available high level computer. There is probably no doubt that David Schwartz, as Ripple CTO, owns a large amount of XRP. He is one of the chief architects of the XRP Ledger, but a patent filing in 1988 shows he had a similar vision for a decentralized network before there was anything called a blockchain. All the transactions recorded on the XRP blockchain are confirmed using a consensus system comprising groups of validators that analyze the network's transactions. 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. Preferably, the A and B links connect all computers on the same level together to form a ring of computers (i.e. And if persuading bankers to switch to the largely untested Ripple platform wasnt difficult enough, the company also faces competition from a host of other startups, including Stellar, a blockchain money-transfer firm formed in 2014 by one of Ripples founders. NATURAL BORN GENIUS- David Schwartz is one of the worlds most gifted cryptographer, we view him as a genuine genius. David Schwartz, CTO of Ripple, is interviewed by Fortune's Jeff Roberts.This Interview was recorded on June 12th, 2019 at the Future of Fintech conference in. In 2001, David started . the ETHERNET computer system). His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. OCT 21, 2020. 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 . Information can not be transferred from one computer to another unless the computer which is transmitting the information has a "token ring". The computer system of claim 46, wherein the third link means are operable for transferring portions of the task, additional task and further additional task bidirectionally. 26. Its expertise extends into cross-border and international restructuring matters, including in Asia and Brazil. 35. In order to reach the offices, one must first pass through a grand archway that resembles something from Italys Medici era. The computer system of claim 46, wherein the number of third link means is greater than the number of fourth link means.
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