Ripple CTO David Schwartz refuted rumors that the XRP Ledger network allows new XRP token creation, emphasizing its 100 billion supply limit.
Debunking Myths Over XRP Supply
A recent debate within the crypto community sparked discussions about the possibility of creating new XRP tokens. David Schwartz highlighted that the network does not have such capability and emphasized the 100 billion token supply cap.
Security in XRP Ledger's Token Creation
XRPL operates with strictly enforced rules that prevent additional token creation. These rules are enforced by network nodes, preventing any attempts to generate new coins through exploits or bugs.
Dispelling Hidden XRP Speculations
After suggestions of genesis block restructuring to create hidden XRP, Schwartz clarified that manual balance verification is unnecessary as the public ledger accurately records the 100 billion XRP.
In-depth knowledge confirms that the XRP Ledger does not allow new token creation. Ripple's stance remains firm on security and transparency issues.
