Daily Crypto Trivia - September 10, 2020

DISCLAIMER: I am not a financial advisor. All contents on this blog are solely my own personal views and for Cryptocurrency Trading education/entertainment purposes only. Cryptocurrency Trading is very risky. Losses can exceed deposits. Enter with discretion.

rafaelken1989’s Crypto Trivia for today!

September 10, 2020

At the beginning of XRP's creation, there are a total of 100 billion in supply. It is not mined like Bitcoin. Instead, in every XRP transaction on the XRP public ledger or the XRPL, there is always a part of the tokens transacted to be burned as proof of work. The burned XRP is directly in proportional to the amount transacted.

Now if you think that the 100 billion XRP supply may all be gone one day. Yes, literally it will come! But it will take a very, very long time for that to happen. And all of us may already be RIP when that day comes! ;-)

Image courtesy of optimole.com

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Stay tuned for more! :-)