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Ripple CTO Says More XRP Cannot Be Minted On XRP Ledger (XRPL)

Summary by Times Tabloid

A recent discussion regarding XRP’s fixed supply has reignited controversy, prompting Ripple’s Chief Technology Officer, David Schwartz, to reaffirm that no mechanism within the XRP Ledger allows for the creation of new XRP. The debate resurfaced after Bitcoin advocate Pierre Rochard suggested in an X post that Ripple could expand the total supply beyond its 100 billion cap. This assertion stirred a strong reaction from the XRP community, leadin…

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CheckCryptoNews

Ripple ‘should act in its own interest’ when selling XRP — Ripple CTO

Ripple Labs is free to sell XRP tokens to raise operational capital, according to comments from the company’s chief technology officer. His remarks have sparked concerns among cryptocurrency investors.“XRP isn’t a security because Ripple doesn’t actually owe you ‘utility’ or anything else,” Pierre Rochard, vice president of research at Riot Platforms, wrote in a March 5 X post.“They are free to dump on you and you have no right to do anything ab…

25 days ago

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Fxcryptonews

Ripple CTO Defends XRP Distribution Process Against Criticism

In 2011, developers David Schwartz, Jed McCaleb, and Arthur Britto recognized Bitcoin’s inefficiencies, particularly in mining. They sought a more sustainable way to transfer value. By June 2012, they had completed coding, and the XRP Ledger (XRPL) was ready. XRP Distribution and Ripple’s Formation Once XRPL launched, 80% of its XRP supply went to a newly formed company, NewCoin, which aimed to develop real-world use cases. Shortly after, Chris …

25 days ago

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