Ripple’s longtime technology director David Schwartz said on Tuesday that he would step back from daily responsibilities after more than a decade in the company, going to a role of “CTO Emeritus”.
Schwartz, one of the original architects of the Ledger XRP, announced the transition in a post X. He declared that the decision will allow him to spend more time with his family while remaining active in the XRP community.
“I am not moving away from the XRP community. You have not seen the last of me (now or never),” he posted. “In the past few months, I have tinkered on the side – to run my own XRPL knot and publish its exit data, search for other use cases for XRP (apart from what Ripple is focused on manufacturers, the coding for the pure love of it – and I am really delighted to come back to that. Jarosch, main vice -president of the firm engineering, will direct the technical operations in the future.
Schwartz joined Ripple in 2011 as an cryptographer, helping to design the big book that underpins XRP transactions. It was promoted to CTO in 2018 and has since become one of the most recognizable voices of the XRP community, defending the role of the big book against criticism and guiding its evolution through regulatory battles and technical improvements.
The leadership shuffle arrives as Ripple positions Rlusd, its stablecoin, more deeply in the tokenized treasury markets and widens the use of the large XRP book beyond payments.
XRP was negotiated for the last time at $ 2.84, down 1.7% in the last 24 hours.
