Ripple’s CTO, David Schwartz, has addressed ongoing concerns regarding XRP sales and its supply. He highlighted the transparency of the process and its importance to the ecosystem.
Objectives of XRP Sales
Schwartz explained that XRP sales are not solely about revenue; they are critical in funding various projects that drive the adoption of the digital asset.
Refuting Rumors of Additional XRP Issuance
Amid speculation around the potential minting of new XRP tokens, Schwartz firmly dismissed the idea, quoting 'No network rule permits XRP creation,' justifying his position with rules enforced by the nodes.
Continuous XRPL Development
Schwartz emphasized that the XRP Ledger (XRPL) is equipped with safeguards to prevent unauthorized token creation. He referenced past incidents in other cryptocurrencies, highlighting XRPL's innovation in invariant checking systems.
In conclusion, Ripple aims to ensure sustainable growth for XRP and efficient financial transactions without the risk of token supply inflation.
