Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Btceth01 on May 27, 2021, 12:42:41 AM
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In his recent CNBC interview, Ripple CEO Brad Garlinghouse claims that XRP has "zero inflation dynamics" because all existing tokens have been premined:
All of the XRP that has ever been created has already been created, so it’s a zero inflation dynamic.
Garlinghouse says that Ripple owns a lot, but XRPL's consensus algorithm prevents the creation of more tokens.
This, according to the executive, sets it apart from proof of work (PoW) cryptocurrencies like Bitcoin and Ethereum are still being mined.
Ripple currently holds 6.1 billion XRP tokens, with 47.7 billion more locked in the company escrow. Source (https://cryptonews.net/705408/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)