On Friday (October 21), Cryptographer and software engineer Nik Bougalis, who is currently Director of Engineering at Ripple, announced that he is leaving the Californian FinTech firm in a few weeks.

Bougalis, who has been working on the XRP Ledger (XRPL) for around 10 years, took to Twitter to say:

My decade-long journey at @Ripple has been a fantastic (if exhausting and all-consuming) one. I got to work on a project that I love, towards a goal I believe in. But that journey will be coming to an end in a few weeks. I am grateful to have had the opportunity to work alongside and learn from @JoelKatz, Arthur Britto, my teammates on the C++ team (past and present) and so many others at Ripple. The camaraderie and esprit de corps of the C++ team is what I’ll miss the most.

And what of the #XRPL? Its long-term health and success isn’t predicated on any one person. I’m confident that it will be just fine, thanks to talented and passionate individuals who contribute and participate, each in their own way. Leaving Ripple wasn’t an easy decision, but it is the right one for me. To my fellow Ripplers: I wish you unbridled success.

As for what’s next? I’ll talk about it when it’s time, but I am NOT joining another blockchain project/company, nor am I doing NFTs or DeFi.

As for what he is going to do next, based on what he says on his personal website and on GitHub, it seems plausible that he might be forming a startup that develops “cryptographic solutions for use in the blockchain space.”

With regard to the reaction from his present and former colleagues at Ripple, here are a few of the people who have so far thanked Bougalis for his incredible work:

The XRP community owes Nik Bougalis a huge debt of gratitude, and it seems clear that in the days to come, as more people find out about his decision to leave Ripple, we are bound to see many XRP HODLers also thank him and wish him good health and success in all his future endeavours.