Ex-Ripple executive sheds light on $XRP burning issue xrp xrpsec xrparmy xrpcommunity xrpl xrpledger xrpthestandart ripple ripplesec
The suggestion was made in response to concerns raised by members of the XRP community about the possibility of Ripple pouring tens of billions of XRP into the market if the company was required to get rid of the tokens stored in numerous escrow accounts.
The community debated whether it would be possible to burn the tokens, but it became clear that only XRPL validators could orderHamilton's proposal offers an alternative solution that could prevent Ripple from flooding the market with XRP. By disabling the master key on the destination account, Ripple could render the funds released from escrow inaccessible to anyone. This would effectively"burn" the tokens and ensure that they could not be used by Ripple or anyone else.
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