2024

Coin

<ul class="news-points">
 <li><strong>David Schwartz has expressed his preference for burning XRP tokens.</strong></li>
 <li><strong>Schwartz thinks burning XRP tokens could increase the difficulty level of buying the crypto.</strong></li>
 <li><strong>The Ripple CTO considers new XRPL programmability proposal complicated.</strong></li>
</ul>
<p>Ripple’s CTO, David Schwartz, has expressed his preference for burning XRP tokens over other suggested methods of improving the blockchain token’s economy. In a recent discussion on X, Schwartz noted that burning XRP tokens could increase the difficulty level of buying the crypto, causing the price to go up and leading to lowered transaction fees within the crypto’s network.</p>
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   <p lang="en" dir="ltr">If the burt quantity ever becomes a significant fraction of the circulating supply, then XRP gets harder to buy, causing the price to go up. That would result in the fees being lowered. I don't think it can ever break.</p>— David "JoelKatz" Schwartz (@JoelKatz) <a href="https://twitter.com/JoelKatz/status/1840148513973514452?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 28, 2024</a>
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<p>Schwartz presented his argument while responding to Scott Chamberlain, a former lawyer and crypto entrepreneur, who proposed a new way to bring programmability to the XRPL. Chamberlain noted that his proposal has two parts, comprising “Hooks” and a new token exclusively to …</p>
<p>The post <a href="https://coinedition.com/ripple-cto-criticizes-new-xrpl-programmability-proposal/" rel="noopener noreferrer nofollow">Ripple CTO Says New XRPL Programmability Proposal Would Complicate Issues For Users</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ripple CTO Says New XRPL Programmability Proposal Would Complicate Issues For Users

Coin Edition

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