As XRP turns ten, Ripple’s Director of Engineering departs the company

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Last Updated on October 24, 2022 by Bitfinsider

Over the weekend, Ripple’s top engineer made an announcement that he is leaving the firm to pursue new opportunities.

Source: Twitter

Bougalis handled a number of changes to the code base of the ledger at Ripple, including the addition of NFTs, which is set to go live in November.

As Ripple begins testing an XRP ledger sidechain that is compatible with Ethereum-based smart contracts, Bougalis leaves the company. This would make it possible for programmers accustomed to the far more complex Ethereum Virtual Machine (EVM) software to transfer their work to Ripple.

Although it has nothing to do with Bougalis’ role at Ripple, the firm has been battling the Securities and Exchange Commission (SEC) for two years over whether XRP qualifies as a security. As of now, Bougalis has not stated his next destination.

XRP is now down 0.38% on the day, trading at $0.45.

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