XRPL: XLS-39 – Clawback

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About Course

The recent activation of XLS39 on the XRP Ledger’s mainnet marks a significant milestone in digital asset management, introducing the “Clawback” feature. This amendment not only broadens the network’s capabilities, but also raises important discussions about its benefits and potential challenges.

 

XRPL Clawback 1

 

As we embark on this exploration, we will help to demystify the clawback feature, looking at its practical implications and how it will play a part in shaping the future of token management. This course is designed to provide you with a comprehensive understanding of XLS39, guiding you through its functionalities, advantages, and the considerations for token holders and the broader ecosystem.

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What Will You Learn?

  • Understand what the clawback feature means in practical terms
  • Identify the reasons behind the introduction of the clawback feature.
  • Differentiate between Clawback and other features relevant to issued tokens.
  • Identify and analyze real world applications where clawback could play a crucial role.
  • Understand what this means to me as a token holder.

Course Content

Clawback – Background
The XRP Ledger continues to make inroads in developing real world utility.

  • Real World Utility
  • Clawback – Background

What is Clawback?
Simply put, Clawback (if enabled for an issued token), allows the issuer to retrieve any given amount of that token that is custodied by a holder.

Exploring Real World Applications
To better understand how Clawback can be used in practical terms, there are a few real world scenarios for you to explore.

What does it mean to me as a token holder?
When dealing with any token issued on the XRP Ledger, it's essential for the account holder to conduct thorough research before establishing trust with an issuer.

In video: A presentation of Clawback by Shen Yuan (Shawn) at Apex 2022
Watch Shen Yuan Xie (Shawn) from Ripple in his presentation and practical demonstration of the Clawback feature.

Conclusion

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