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Debasish

Escrow Transactions

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I see some of the address creating an "Escrow Create" transaction but the destination is the same as their own address . 

Can any one let me know in which scenarios the destination == creator of Escrow Transaction.

Ex r9NpyVfLfUG8hatuCCHKzosyDtKnBdsEN3

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25 minutes ago, Debasish said:

Can any one let me know in which scenarios the destination == creator of Escrow Transaction.

That’s what you do if you want to remove the possibility for some period of time that you will transact with those XRP.

Some people (not me) think it’s a good way to protect yourself against selling early.

Ripple have done it so that the maximum release rate into circulation of the genesis XRP they hold is known and predictable.

It should be noted that selling of the XRP via OTC is possible even though they are in escrow.

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