Last weekend, Ripple Investment Group and Xpring, an open source development platform, invested in the Ethereum ETH Denver hackathon.
The sponsorship goal is to create interoperability between XRP and the Ethereum blockchain through the Interledger Protocol (ILP). ILP was introduced by Ripple at the end of 2015. It is designed to provide companies with an easy way to exchange currencies. To achieve this goal, Ethereum developers have three tasks.
You can familiarize yourself with the tasks in detail by going to the gitcoin.co website. The Xpring team believes that project compatibility is vital for the development of the future world of blockchains and for the widespread use of DLT and cryptocurrencies.
This event was not left without comment, Ripple technical director David Schwartz, retweeted a blog post, he wrote that building bridges between the companies is much better than creating a wall.