Cardano's code is 100% open source and Charles (CEO of IOG) has said repeatedly he does not support the WEF. The ones going to the WEF event is the Cardano Foundation since it's usually hosted in their country.
https://www.youtube.com/watch?v=rafYyWeSeG0
Nodes processing payments are also decentralized small businesses (currently about 3000 of them)
XRP is not open source
Most of XRPs payment processing nodes are controlled by Ripple.
Also Cardano is not building a CBDC platform but XRP is.
Cardano has smart contracts and dapps up and running, XRP doesnt. In fact XRP scrapped their Smart Contracts project back in 2014 and Vitalik Buterin who was a summer intern at the time got the idea of smart contracts from XRP.
The programming language Cardano is built on is Haskell which is a functional language built for safety and security of software that cannot fail like software in aircraft and financial institutions.
XRP uses C++ which is good for embedding hardware and speed but it is not good for safety and security like a functional programming language. Most common bugs you would get in Solidity or C++ won't even compile on Haskell just because of the way it is built.
There is a big difference in XRP and Cardano. XRP is a trap and it's god awful. It doesnt make the banking industry obsolete, it gets in bed with the bankers. It doesnt push the needle forward in anyway currently.
You need running Dapps and a large developer community making smart contracts that automate the financial industry. Cardano is doing that, XRP isn't.
Cardano's code is 100% open source and Charles (CEO of IOG) has said repeatedly he does not support the WEF. The ones going to the WEF event is the Cardano Foundation since it's usually hosted in their country.
https://www.youtube.com/watch?v=rafYyWeSeG0
Nodes processing payments are also decentralized small businesses (currently about 3000 of them)
XRP is not open source
Most of XRPs payment processing nodes are controlled by Ripple.
Also Cardano is not building a CBDC platform but XRP is.
Cardano has smart contracts and dapps up and running, XRP doesnt. In fact XRP scrapped their Smart Contracts project back in 2014 and Vitalik Buterin who was a summer intern at the time got the idea of smart contracts from XRP.
The programming language Cardano is built on is Haskell which is a functional language built for safety and security of software that cannot fail like software in aircraft and financial institutions.
XRP uses C++ which is good for embedding hardware and speed but it is not good for safety and security like a functional programming language. Most common bugs you would get in Solidity or C++ won't even compile on Haskell just because of the way it is built.
There is a big difference in XRP and Cardano. XRP is a trap and it's god awful. It doesnt make the banking industry obsolete, it gets in bed with the bankers. You need running Dapps and a large developer community making smart contracts that automate the financial industry. Cardano is doing that, XRP isn't.