David Schwartz has expressed his preference for burning XRP tokens.
Schwartz thinks burning XRP tokens could increase the difficulty level of buying the crypto.
The Ripple CTO considers new XRPL programmability proposal complicated.
Rippleâs CTO, David Schwartz, has expressed his preference for burning XRP tokens over other suggested methods of improving the blockchain tokenâs economy. In a recent discussion on X, Schwartz noted that burning XRP tokens could increase the difficulty level of buying the crypto, causing the price to go up and leading to lowered transaction fees within the cryptoâs network.
If the burt quantity ever becomes a significant fraction of the circulating supply, then XRP gets harder to buy, causing the price to go up. That would result in the fees being lowered. I don't think it can ever break.
â David "JoelKatz" Schwartz (@JoelKatz) September 28, 2024
Schwartz presented his argument while responding to Scott Chamberlain, a former lawyer and crypto entrepreneur, who proposed a new way to bring programmability to the XRPL. Chamberlain noted that his proposal has two parts, comprising âHooksâ and a new token exclusively to âŠ
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