The CTO of Ripple Puts an End to XRP Supply Speculation: Specifics
David Schwartz, the CTO of Ripple, has ended conjecture over the possible issuance of more XRP coins. Schwartz highlighted that the XRP Ledger (XRPL) does not permit the minting of additional XRP in any situation in response to recent social media accusations.
Pierre Rochard, an X user, fueled speculation in the cryptocurrency world by claiming that Ripple may produce extra XRP. "No network rule in the XRPL code permits XRP to be created," Schwartz said in response. Actually, this is expressly forbidden by network rules that are enforced by nodes.
The XRPL code has no network rules that allow the creation of XRP. Actually, nodes that enforce network rules expressly forbid doing so. I'm rather certain that when you shared this crap the previous time, someone expressly pointed this out to you. One-half
Schwartz went on to say that the XRP Ledger's advanced invariant checking technology prevented the creation of more XRP: "Well, not counting the time a bug allowed creating unlimited bitcoin." The DAO attack and the Bitcoin overflow situation would have been avoided using XRPL's advanced invariant checking technology, which makes this impossible on the platform."
card
In response to the allegations, XRPL dunl validator and cofounder of xrpcafe Backing Schwartz, Vet, said: "There is no function to mint more XRP, nor is it possible through a bug to do so."
An X user said in a different X discussion that the open-source XRPL code base included a hidden "mint button."
"There is literally no function to create any more XRP," said Matt Hamilton, a former Ripple developer. The code to accomplish this is literally nonexistent. Additionally, every node performs a check to make sure that no XRP is unintentionally produced (as was the case with the Bitcoin value overflow problem that produced 184 billion BTC out of thin air).
There are still 100 billion XRP tokens available.
The maximum quantity of XRP is set at 100 billion tokens, and because of fee burning, it is deflationary. The veterinarian explains why.
card
One hundred billion XRP were produced in the Genesis XRP account on the XRP Ledger at the time of its debut in 2012. All of the keys to this hardcoded account are visible.
As a result, no additional XRP may be generated since the XRP Ledger prevents transactions that create new XRP, for instance, because of bugs. Therefore, unlike Bitcoin, no historical event has led to the creation of a new XRP. The code refers to these tests as invariant checkers.
Since everyone must abide by the public XRPL regulations, including Ripple, the decentralized XRPL would not allow for the production of more XRP.
David Schwartz, the CTO of Ripple, has ended conjecture over the possible issuance of more XRP coins. Schwartz highlighted that the XRP Ledger (XRPL) does not permit the minting of additional XRP in any situation in response to recent social media accusations.
Pierre Rochard, an X user, fueled speculation in the cryptocurrency world by claiming that Ripple may produce extra XRP. "No network rule in the XRPL code permits XRP to be created," Schwartz said in response. Actually, this is expressly forbidden by network rules that are enforced by nodes.
The XRPL code has no network rules that allow the creation of XRP. Actually, nodes that enforce network rules expressly forbid doing so. I'm rather certain that when you shared this crap the previous time, someone expressly pointed this out to you. One-half
Schwartz went on to say that the XRP Ledger's advanced invariant checking technology prevented the creation of more XRP: "Well, not counting the time a bug allowed creating unlimited bitcoin." The DAO attack and the Bitcoin overflow situation would have been avoided using XRPL's advanced invariant checking technology, which makes this impossible on the platform."
card
In response to the allegations, XRPL dunl validator and cofounder of xrpcafe Backing Schwartz, Vet, said: "There is no function to mint more XRP, nor is it possible through a bug to do so."
An X user said in a different X discussion that the open-source XRPL code base included a hidden "mint button."
"There is literally no function to create any more XRP," said Matt Hamilton, a former Ripple developer. The code to accomplish this is literally nonexistent. Additionally, every node performs a check to make sure that no XRP is unintentionally produced (as was the case with the Bitcoin value overflow problem that produced 184 billion BTC out of thin air).
There are still 100 billion XRP tokens available.
The maximum quantity of XRP is set at 100 billion tokens, and because of fee burning, it is deflationary. The veterinarian explains why.
card
One hundred billion XRP were produced in the Genesis XRP account on the XRP Ledger at the time of its debut in 2012. All of the keys to this hardcoded account are visible.
As a result, no additional XRP may be generated since the XRP Ledger prevents transactions that create new XRP, for instance, because of bugs. Therefore, unlike Bitcoin, no historical event has led to the creation of a new XRP. The code refers to these tests as invariant checkers.
Since everyone must abide by the public XRPL regulations, including Ripple, the decentralized XRPL would not allow for the production of more XRP.