Ripple’s Chief Technology Officer (CTO) David Schwartz revealed that the company has the ability to pre-sell rights to XRP tokens locked in escrow (escrow).
This statement was a technical response in a discussion on social networks How to calculate the market capitalization of XRP compared to Bitcoin (BTC).
This discussion is escrow. In response, another user questioned whether this meant Ripple could liquidate all escrow funds at any time.
At this point, Schwartz stepped in to identify the mechanism. he explained: Ripple may “sell the right to receive tokens released from the trust”However, he emphasized that “XRP cannot be distributed yet until the release date.” This distinguishes between the sale of future assets and the liquidation of current supplies.
Beyond the technical arguments, Schwartz’s confirmation has direct implications. On the other hand, evidence How Ripple will use future holdings as collateral to gain liquidityThis reinforces the perception that XRP is an important mechanism for financing its operations.
On the other hand, the pre-sale of these rights Strategies to dilute the future supply of digital assets This could, in theory, contribute to decentralization in token ownership (although it could also hurt the price, as it frees up more units that could be sold).
XRP is the opposite of Bitcoin’s monetary policy
this panorama This is in fundamental contrast to Bitcoin’s monetary policy.
For major digital currencies, their issuance and distribution are predetermined by immutable code, and the total supply is limited to 21 million units.
There is no central authority that can control reserves or make discretionary decisions. Regarding the future distribution of new Bitcoins.
The creation of new coins is based on the mining process and halving schedule (cut in half) because it is predictable and independent of corporate strategy. Key differences in money supply predictability and decentralization.
(Tag translation) Altcoin
