Ripple CTO Confirms XRP Escrow Releases Occur Monthly Despite Ledger Display Variations
Main Idea
Ripple CTO David Schwartz confirms that XRP escrow releases occur on the first day of each month, despite variations in ledger display dates, and explains the mechanism behind these releases.
Key Points
1. XRP escrow releases are scheduled for the first day of every month, but ledger display dates may vary due to triggering transactions.
2. Ripple currently holds over 35.6 billion XRP in escrow after recent releases.
3. The escrow mechanism is used to manage XRP supply and maintain market stability.
4. Schwartz clarified that the monthly unlocking schedule has been consistent for years, dispelling speculation about contract flexibility.
5. The XRP Ledger does not immediately display escrow releases until a triggering action is performed.
Description
Ripple’s escrow releases always occur on the first day of each month, according to CTO David Schwartz, despite varying display dates on the ledger. XRP escrow releases are scheduled for
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