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May 20, 2018, 07:20:22 AM |
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Before you answer, I want to be crystal clear about what I'm asking. To begin, I realize that:
1.) Exchanges report the price via API
2.) Supply can be locked by a smart contract
3.) Supply can be reported by a token's block explorer
.. but none of those things answer how CMC verifies the exact amount of tokens that can be exchanged.
Take Ripple for example.
CMC reports about 39 billion in circulation, with a 100 billion total supply.
How do they know that those 61 billion coins can't be moved or otherwise traded?
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