Ex-Ripple executive sheds light on $XRP burning issue xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec
The suggestion was made in response to concerns raised by members of the XRP community about the possibility of Ripple pouring tens of billions of XRP into the market if the company was required to get rid of the tokens stored in numerous escrow accounts.
The community debated whether it would be possible to burn the tokens, but it became clear that only XRPL validators could orderHamilton's proposal offers an alternative solution that could prevent Ripple from flooding the market with XRP. By disabling the master key on the destination account, Ripple could render the funds released from escrow inaccessible to anyone. This would effectively"burn" the tokens and ensure that they could not be used by Ripple or anyone else.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Price analysis 5/12: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTCBitcoin and select altcoins are nearing strong support levels, which could result in a meaningful bounce in the next few days.
Read more »
Here's Why You Should Watch XRP Closely in Upcoming WeekDespite $XRP dull performance in the past week, we might see some movement in the foreseeable future
Read more »
Ripple Partner Tranglo Surpasses $1 Billion in ODL TransactionsRipple partner Tranglo boasts $1 billion in ODL transactions RippleXRP XRPArmy XRPCommunity XRP $XRP
Read more »
Top Ripple Lawyer Slams SEC for Playing 'Hide and Seek'Ripple's top lawyer has publicly criticized the U.S. Securities and Exchange Commission (SEC), accusing it of wielding the judicial process as a weapon and likening Congressional oversight to a game of 'hide and seek'
Read more »
Crypto Biz: Ripple’s expensive battle, Bittrex bankruptcy and a new blockchain networkThis week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors.
Read more »
Opinion | Tommy Tuberville continues the GOP's courting of white nationalists.jarvisdeberry: Tommy Tuberville's normalization of white nationalism in our military is a confounding abdication of his duties.
Read more »