analysis company has found discrepancies in network ’s system reporting, according to a May 16 report.
Coin Metrics, which conducts analysis of various aspects of , investigated and discovered what it said were contradictions that required an explanation.
“Coin Metrics found several important discrepancies between what was publicly reported by and what was visible on the XRP ,” the report summarized.
The three aspects are the following:
- “Two quarterly markets reports under-reported the number of XRP released from escrow by a total of 200 million XRP ($84 million at current prices)
- The “escrow queue” is implemented differently than announced, leading to a faster future release of escrowed funds compared to the announced schedule
- Other party/parties, potentially associated with Ripple, have released 55 million XRP from an unknown escrow address not connected to the main Ripple escrow account”
According to Coin Metrics, did not respond to repeated requests for clarification of researchers’ concerns.
As Cointelegraph reported, the company has previously attracted criticism from commentators over the past year: in February, a from platform accused the company of being overly .
“Compared to traditional assets and currencies, most crypto currencies’ supplies and behaviours can be audited to a much greater degree of precision,” Coin Metrics concluded.
Nonetheless, XRP has had a in May, after American released to residents and second-largest stock exchange debuted an XRP and () exchange-traded note.
Published at Sat, 18 May 2019 06:28:57 +0000
