David Schwartz, Ripple's chief technology officer, has dismissed claims that new XRP tokens can be created on the XRP Ledger. His statement comes after renewed debate over the token supply.

Meanwhile, the XRPUSD H1 chart reveals that the price is currently hovering around a key support level. A potential strong bullish reversal pattern could generate momentum and drive the price higher.

XRP Ledger Blocks New Token Creation

The discussion resurfaced when Pierre Rochard, a Bitcoin advocate, suggested that Ripple could mint additional XRP beyond the fixed 100 billion supply. This led to a heated exchange among community members.

Schwartz responded by stating that no code within the XRP Ledger allows new XRP creation. He explained that the system enforces strict rules to prevent such an action. The ledger’s invariant checker continuously monitors transactions and blocks any attempt to generate new tokens.

An XRPL dUNL validator, known as Vet, supported Schwartz’s position. He stated that the network’s developers designed the system to prevent any increase in the original supply created in 2012. He also emphasized that no exploit could bypass the ledger’s safeguards.

Schwartz Dismisses Concerns over XRP Circulation

Schwartz also addressed concerns about XRP circulation. Some community members speculated that past changes to the ledger’s structure could have left certain tokens unaccounted for. However, he stated that there was no evidence of more than 100 billion XRP existing in the system.

Mayukha Vadari, a senior software engineer at RippleX, added that the ledger’s design ensures that all account balances are verified. Any attempt to exceed the recorded amount would be rejected by validators.

Source: Finance Magnates