Debunking the Backdoor Claims in XRP Ledger
XRP enthusiast WrathofKahneman has stepped forward to address the rumors surrounding a supposed backdoor in the XRP Ledger and its impact on the price of XRP. These rumors have emerged following the introduction of a “Clawback” amendment by Ripple, the company behind XRP.
The Background of the Rumor
Recent changes to the XRP Ledger included the implementation of an XLS-39d Clawback mechanism, which allows issuers to recover funds from a trustline in case of malicious activity. However, this feature has led to confusion and speculation about its effects on the XRP price.
A controversial claim made by Lewis Jackson, another XRP enthusiast, alleged that secret amendments in the XRPL enable “The BuyBack.” However, Jackson failed to provide any detailed explanation to support his claim.
WrathofKahneman Disputes the Allegation
In response to these claims, WrathofKahneman disputed the allegation and clarified that the XLS-39d proposal only applies to issued assets with trustlines, not native XRP. He emphasized that XRP is open and permissionless, with Ripple having no special control over the XRP Ledger.
WrathofKahneman stated that anyone claiming secret XRPL amendments is deceiving others. The amendment process is public, and the XLS-39d clawback proposal solely affects issued tokens (trustlines), not XRP itself.
Hot Take: Clarifying Misinformation Surrounding XRP
The recent rumors about a backdoor in the XRP Ledger and its impact on the price of XRP have been debunked by digital asset expert WrathofKahneman. He clarified that the XLS-39d Clawback amendment introduced by Ripple only applies to issued assets with trustlines and does not affect XRP directly. These claims of secret amendments in the XRPL were deemed deceptive, as the amendment process is public. It is crucial to rely on accurate information and avoid spreading misinformation in the crypto community.
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