Ripple Executives Describe The Situation Regarding The Blockage Of XRP In Ripple Escrow Account
A discussion concerning whether the XRP locked up in Ripple‘s account is circulating and, if not, if it clashes with the independence of the two businesses was brought up this morning by an XRP fan.
Brad Garlinghouse, the CEO of Ripple, Nik Bougalis, the director of engineering, David Schwartz, the chief technology officer, and former top developer Matt Hamilton were all summoned to the podium to respond to questions.
The CEO of XRP, Tiffany Hayden, was also invited to the conversation. The first person to respond to the user’s query was Nik Bougalis, who said that while he did not have a definitive opinion on whether to include XRP escrows in the total token offering, he was inclined to do so. However, the engineer was adamant about finding a solution and improving XRP’s offer clear.
In response to a query, Tiffany Hayden indicated that anyone can lock their tokens in a same manner and sell XRPs from escrow accounts. Matt Hamilton continued the speech after that, and he explained that conceptually, there is no distinction between what happens to blocked XRPs and what happens to Bitcoin transmitted over Lightning.
Ripple asserts that the Bitcoin supply will essentially zero out if all Lightning-blocked
The former Ripple developer asserts that the Bitcoin supply will essentially zero out if all Lightning-blocked transactions are excluded. David Schwartz, the chief technology officer of Ripple, entered the discussion at this point and asserted that there was still a distinction between the two types of transactions because, while escrowed XRP cannot move, BTC on Lightning may, even if just in the form of debt. Hamilton and Hayden concurred as well.
The discussion’s final result has not yet been determined because the matter is extremely debatable.
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