U.TODAY – In a recent discussion on the circulating offer of XRP, the CTO David Schwartz establishes parallels and the pieces attributed to its mysterious creator, Satoshi Nakamoto. His remarks have highlighted the complexity of defining what constitutes a “food in circulation” in the cryptographic landscape.
An X user had drawn attention to the disparity of the power supply of XRP reported by the Crypto Coinmarketcap classification platform and the popular XRP Explorer XRPSCAN.
CoinmarketCap reports the current XRP power supply to 57.64 billion XRP, while in a screenshot shared by the user X, XRPSCAN reported 62.23 billion XRP.
Addressing this speculation, Schwartz explained: “The way you measure food in circulation depends on what you consider as a circulation and what you do not consider to be circulating.” He continued: “For an analogy of Bitcoin, do Satoshi bitcoins circulate? Reasonable people can even disagree on bitcoins that are Satoshi.”
Bitcoin possessed by Satoshi with a projectors
The analogy made by the CTO Ripple is particularly relevant since Satoshi Nakamoto is owned by more than a million BTC, which have remained intact since the beginnings of Bitcoin. Although these pieces technically exist on the blockchain, many in the cryptographic community believe that they are essentially out of circulation because of their inactivity.
According to CoinmarketCap, the total and circulating offer of Bitcoin is currently 19.81 million BTC, with a maximum offer of 21 million BTC.
Ripple’s XRP holdings are divided into two categories: XRP which is currently available in its portfolios, and XRP subject to locking behind Ledger which will be published monthly in the next 42 months.
For this last category, Ripple does not have access to this XRP until the sequestration rejects them monthly. Each month, the remaining Liberated XRP is returned to the whole account.
