Cryptocurrency Q&A
Why is XRP deflationary?
Why is XRP deflationary?
Michele
Tue Nov 19 2024
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7 answers
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I want to understand why XRP is considered deflationary. I'm looking for an explanation on the mechanisms and reasons behind this characteristic of XRP.
7 answers
Paolo
Thu Nov 21 2024
The mechanism driving XRP transactions is unique in the realm of cryptocurrencies.
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Ilaria
Thu Nov 21 2024
Unlike many other digital currencies, XRP does not impose a transaction fee.
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Raffaele
Thu Nov 21 2024
This absence of a fee sets it apart from the norm in the crypto market.
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GinsengBoostPowerBoostVitality
Wed Nov 20 2024
Instead of charging a fee, XRP requires the sender to destroy a small fraction of the cryptocurrency.
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emma_rose_activist
Wed Nov 20 2024
This process, known as 'burning,' reduces the total supply of XRP in circulation.
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