Ripple not to abandon XRP
The XRP Ledger Foundation aims to be a vehicle to spur innovation, growth and development of the XRP Ledger as well as its community.
Newly Established XRP Ledger Foundation Now Out To Deny Dropout Rumors XRP as the main token. The foundation has made it clear that it does not intend to invest in the development of the XRP Ledger in the near future.
On September 24, XRPLF spokesman Bharath Chari denied the rumors during an interview with Forbes. He said the newly formed foundation has no ambition to resume the non-circulating XRP supply from the main platform. Rumors about controlling Ripple’s token supply arose within the XRP community right after the foundation was established.
The newly formed foundation Goals to be a vehicle to drive innovation, growth and development of the XRP ledger as well as its community. Therefore, such notions have left the community in a state of confusion, as the supposed roles tend to overlap with those of ripple.
Fortunately, it is a good thing that Chari has come to refute such rumors that XRPLF will not engage in the future development of XRPL as he has made it clear that Ripple does not intend to invest heavily in it. future of XRPL. He was quick to say that the foundation would continue to engage with Ripple as a “key developer”:
“XRPLF sees Ripple continuing to play a key developer role on the technical and business aspects of XRPL. Moreover, XRPLF is just an entity that promises to act in the best interest of XRPL. “
Non-circulating XRP feed under Ripple control
Forbes Correspondent asked if Ripple intends to shift much of the non-circulating supply to XRPLF so that the XRP ledger becomes more decentralized.
“Non-circulating supply is not of concern to XRPLF. We are only focusing on the health and the way forward for XRPL. As answered previously, and also stated in other statements from Ripple, they are committed to the greater good of XRPL, including devoting resources to develop it, ”replied Chari.
Further, Chari said that there is no agreement between XRPLF on the basis of the allocation of the non-circulating XRP delivery share since the foundation is only mandated to focus on its original intention.
Ripple’s path to decentralization
Likewise, the fund does not have an agreement with Ripple regarding the takeover of the XRP Ledger software repository – but they will jointly move towards the repository and packaging via merge access.
XRPLF intends to move beyond Ripple’s Single Node List (UNL) into another step of decentralization. The selection and performance criteria of the new UNL will be transparent, as Chari promises.
If XRP is stuck in escrow for a few years, Ripple will lose the most; but, while XRP is widely adopted, Ripples wins the most. In this regard, improving XRPL would bring balance and benefit Ripple more than other organizations.
Earlier this month, Ripple, Coil and Gatehub awarded grants totaling approximately $ 6.5 million to XRPLF to enable it to accelerate the development of XRPL.
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