On the 7th of December, Ripple announced that it had successfully locked up 55 billion XRP via a “cryptographically secured escrow account”. Ripple originally published its intention to conduct the lockup in May, stating that “By securing the lion’s share of our XRP, investors can now mathematically verify the maximum supply of XRP that can enter the market.”Fro a public company, it is easy, you get your ass sued for fraud if you violate the escrow.
But, otherwise, how is it done technically? Your escrow machine is a robot wallet whose function is guaranteed by Intel. But we can duplicate the Intel function is we can make out machine tamper proof.
An escrow machine is a protected code that executes simple contracts and can own digital assets. It always has a timeout on contracts.
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