Ripple Can ‘Burn’ 40 Billion XRP Locked In Escrow, CTO Reveals How Ripple’s Chief Technology Officer explains how 40 billion XRP currently held in escrow can be removed from circulation.

The discussion about whether to burn the over 40 billion XRP currently in escrow by Ripple has been ongoing and getting more intense. As it becomes more and more popular, executives at the crypto firm are taking notice. David Schwartz, the Chief Technology Officer (CTO) of Ripple, stands out the most. Schwartz has responded to requests for the escrowed coins to be destroyed by suggesting a method for actually accomplishing this. The article discusses how the 40 billion XRP could be burned. Once again on Monday, a discussion arose on X social media platform regarding the burning of the 40 billion escrowed XRP coins. Various community members shared their opinions on whether the coins should be burned. @CryptopianC on X claimed that Ripple had not burned the coins because they had already been assigned to different companies and institutions globally. Another community member argued against this opinion, claiming that the coins were not burned due to the absence of a technical method for doing so. They explained that making such a decision would involve altering the protocol, which would necessitate the approval of all validators through a vote. The discussion intensified as other members of the community shared their thoughts on the feasibility of this plan.