Sunday, January 24, 2021

David Schwartz Speaks On the Validity of Claiming Spark Tokens and Safety of XRP Holders

The Chief Technical Officer (CTO) at Ripple, David Schwartz, has commented on the validity of claiming Spark tokens at Flare Network and the safety of XRP holders.

This comment came in response to a supposed XRP community member’s concern over Ripple’s failure to comment on the trending development, after Flare Networks reported that over 5400 accounts holding a total of 295 million XRP are ready to claim Spark tokens.

David Schwartz’s Response Indicates That XRP holders Are Safe

A few days ago, Flare Networks informed the XRP community to get ready to claim spark tokens. The founder of XRP Labs, Wietse Wind, even published a comprehensive procedure they need to follow, which will prepare them to claim Spark tokens when it’s time. Quite a number of XRP investors reportedly showed interest in the new development.

Based on a tweet shared by Flare on 28th August 2020, the response of the XRP ecosystem has been beyond imagination. As at the time of the update, more than 5400 accounts holding the sum of 295 million XRP already set up to claim the trending Spark tokens.

Flare tweeted, “The XRP ecosystem response to Flare has been massive. More than 5400 accounts holding a total of 295 Million XRP have set up to claim the Spark token in 6 days.”

The huge attraction accrued by the report prompted an XRP community member to question the silence of Ripple and David Schwartz over the validity of claiming Spark tokens and the safety of XRP holders in the course of following the directive.

The user tweeted, “Has Ripple, David Schwartz made a statement about the validity of this and that if done it’s secure?”

Regarding the user’s concern, the response of Ripple CTO shows that the directive is valid and safe for XRP holders

David Schwartz noted:

“They’re basically just asking you attach a note to your account on the XRP Ledger specifying where you want the tokens to go.”

David Schwartz Speaks On the Validity of Claiming Spark Tokens and Safety of XRP Holders

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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