If your read the fine print, you’d know The escrow service enabling ripple to lock up their coins is going to create 55 contracts, each containing 1 billion ripple, with one contract expiring each month for 55 months. So on average a billion ripple will be unlocked a month for 4 and a half years. Ripple is essentially free to use the billion coins unlocked each month at their will. If they don’t use the 1 billion coins during the month, the remainder carries over into a new extra month topped on
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it's May 17th 2017 and here's what's new on the crypto Coin Show Ripple is up 700% since my last video is it too late to invest in Ripple and the market cap has grown to $15 billion American double the value of ethereum the Ripple Founders are planning to lock up some of their coins and help decentralize their Ripple Ledger has Ripple almost reached its peak will this event bring a drop stick around to find out hello and welcome I'm Ashton Addison and this is the crypto coin show where I decrypto facts to keep you on track of news and developments in the fintech and cryptocurrency World today's news contains new updates from my last video on Ripple where I explained the fundamentals of the coin history how the open source and ripple Ledger work and how 60% of the tokens are being held by the Ripple Founders make sure you watch that video to get a further understanding of Ripple if you're interested now on to the new updates since Ripple's epic rally started there's been growing concern that Ripple is going to dump their coins to ease uncertainty Ripple has recently committed to locking 55 billion coins for 55 months approximately 88% of their stash so far Ripple has been selling 300 million Ripple coin per month for the last 18 months and they hope that locking up 88% will bring predictability to the supply and reduce the fear of a dump however if you read the fine print of the deal you'd see that the escrow service enabling Ripple to lock up their coins is actually creating 55 contracts each containing 1 billion Ripple with one contract expiring each month for 55 months so on average a an average of a billion Ripple is coming out each month for four and a half years Ripple is free to use their coins each month for whatever they want if they don't use the ab billion coins they they can carry it over to the next month would you consider this an appropriate fix to investor worries in related news Ripple has been called out by Traders for not being being fully decentralized the Ripple Central Ledger or RCL keeps track of how many Ripple coins everyone owns and hey it has Central right in the name it's been under scrutiny for being too centralized and the Ripple team runs some of the 25 nodes themselves the chief technology officer Ripple Stefan Thomas recently proposed a new strategy in making Ripple more decentralized than Bitcoin he notes that Bitcoin isn't all that decentralized with five mining pools verifying the majority of the blocks and he says they would only have to add 16 attested validators to become more decentralized to achieve this the Ripple team has come up with three specific steps to decentralization the first step is diversify Ripple nodes so less nodes are owned by Ripple avoiding a single point of failure if someone hacks the Ripple Network it would be easy to manipulate the market the Second Step Ripple is recruiting attested validators to their Network essentially Ripple is going to decide who validates their nodes through criteria and thirdly ripple will update the unique nodes list this will continue until Ripple has no nodes left in their Network the rule is two unique node lists added per one Ripple node removed divers ifg the RCL by the next 18 months or in Q3 2018 question is a step towards decentralization when Ripple team themselves are making the decisions who will add the unl's and who will validate the nodes doesn't the nature of decentralization allow anyone to join in not just those who are tested by Ripple please let me know what you think in the comment section Below on Ripple strategy is unlocking a billion coins per month too quickly can the Ripple Central Ledger become the Ripple de Central Ledger or are they just trying to stop a crash this has been your cryptocoin refresh I'm Ashton Addison and thank you for watching look out for next week's video when I decrypt the facts to keep you on track in the crypto World make sure you like this video share it and subscribe for more videos