Summary:
Ripple's CTO David Schwartz discusses the complexities of measuring circulating supply.
Disparity detected in XRP's circulating supply between CoinMarketCap and XRPScan.
Satoshi Nakamoto holds over 1 million BTC, largely inactive since Bitcoin's early days.
Current Bitcoin supply is 19.81 million BTC with a cap of 21 million BTC.
Ripple's XRP is divided into available and escrowed categories for market stability.
In a recent discussion, Ripple's CTO David Schwartz drew intriguing parallels between XRP and the coins attributed to Satoshi Nakamoto, the enigmatic creator of Bitcoin. Schwartz emphasized the complexity of measuring circulating supply in the cryptocurrency world.
Disparities in Circulating Supply
An X user pointed out a notable difference in XRP's circulating supply as reported by CoinMarketCap (57.64 billion XRP) compared to XRPScan (62.23 billion XRP). Schwartz explained that how one defines circulating supply is subjective, posing the question: "Are Satoshi’s bitcoins circulating?" This highlights the debate around which bitcoins can be considered Satoshi's.
Satoshi’s Bitcoin Ownership
The analogy is particularly relevant as Satoshi is believed to own over 1 million BTC, which have remained untouched since Bitcoin's inception. Though these coins exist on the blockchain, many in the crypto community consider them effectively out of circulation due to inactivity. Currently, Bitcoin's total supply is approximately 19.81 million BTC, with a maximum cap of 21 million BTC.
Ripple's XRP Holdings
Ripple categorizes its XRP into two groups: the XRP available in its wallets and the XRP that is locked in on-ledger escrow. The latter will be released monthly over the next 42 months, with any unutilized XRP returned to escrow each month. This structure aims to stabilize the circulating supply of XRP in the market.
For further details, check out the original article on U.Today.
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