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HomeCrypto NewsMarketExpert Sheds Light on XRP Ledger Clawback Amendment, Debunks Claims of Secret Amendments

Expert Sheds Light on XRP Ledger Clawback Amendment, Debunks Claims of Secret Amendments

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Top XRP influencer WrathofKahneman disproves secret XRPL amendment claims and clarifies transparency in the XRP Ledger network.

In a recent tweet, WrathofKahneman (WoK), a prominent figure in the XRP community, dispelled claims about the presence of secret amendment in the XRP Ledger (XRPL) ecosystem.

“If someone tells you there are secret XRPL amendments, they are deceiving you,” WoK proclaimed in the tweet.

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Furthermore, WoK argued that no secrecy exists concerning amendments to XRPL. He disclosed that they are entirely public and transparent.

Notably, the argument about the supposed secrecy in XRPL revision stemmed from the development community’s XLS-39D Clawback Amendment. In a recent tweet, a prominent pro-XRP influencer, Lewis Jackson, tweeted, “There is a secret XRPL Amendment that makes ‘The BuyBack’ possible.”

In the tweet, Jackson provided no detailed explanation of his claim. Instead, he claimed he would discuss them in an upcoming video. Some XRP community members already challenged his sentiment. They argue Jackson had no clue what he was talking about.

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The Clawback Amendment

Moreover, in his statement, WoK clarified that the disputed XLS-39 clawback amendment only concerns issued tokens, specifically trust lines assets. He added that it has no impact on the XRP token itself.

Besides, XRPL documentation provides proper context to the clawback issue. It stated that in light of regulatory considerations, certain token issuers need the capability to retrieve tokens that have been disseminated to various accounts.

The docs highlighted that the mechanism serves as a safeguard in scenarios where tokens are inadvertently sent to accounts involved in illegal activities, permitting issuers to recover these funds.

Also, it stated that the clawback flag cannot be activated once tokens have already been issued. As a default setting, clawback is disabled.

Ultimately, this clarification establishes that the clawback amendment was not a secret feature, as the XRP influencer claimed.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

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