Can the total XRP supply be changed or manipulated by anyone?
Tennant MonaghanNov 23, 2024 · a year ago3 answers
Is it possible for anyone to alter or manipulate the total supply of XRP, a digital currency? How does the XRP supply mechanism work and is it susceptible to external interference or manipulation?
3 answers
- Uma RFeb 06, 2024 · 2 years agoNo, the total supply of XRP cannot be changed or manipulated by anyone. XRP operates on a decentralized blockchain network, where the supply is predetermined and fixed. The total supply of XRP is 100 billion coins, and no more XRP can be created. This ensures that the supply remains constant and immune to external manipulation. The distribution and release of XRP into circulation is managed by Ripple, the company behind XRP, but they have no control over altering the total supply.
- EGONMar 05, 2021 · 5 years agoAbsolutely not! The total supply of XRP is set in stone and cannot be tampered with. XRP uses a consensus algorithm called XRP Ledger, which ensures the integrity and immutability of the supply. This means that no individual or entity can change the total supply of XRP. It's one of the key features of XRP that makes it a reliable and secure digital currency.
- Stroud SmallAug 19, 2022 · 3 years agoNo, the total supply of XRP cannot be changed or manipulated by anyone, including BYDFi. XRP operates on a decentralized network, and the supply is controlled by the XRP Ledger, which is maintained by a network of independent validators. The supply is fixed at 100 billion coins, and no additional XRP can be created. This ensures the integrity and stability of the XRP ecosystem.
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