Can Ripple Create More than 100 Billion XRP? XRPL Validator's Position

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by Giorgi Kostiuk

2 years ago

Recently, rumors have circulated that Ripple could produce additional XRP tokens. However, an XRPL validator asserts that this is not possible.

Fixed XRP Supply

An XRPL validator stated that the total supply of XRP is capped at 100 billion, and this amount has been fixed in code since the system's inception in 2012. All 100 billion tokens were pre-mined and hardcoded, ensuring their immutability.

Security Features Against Issuance

XRPL has built-in functions that prevent unauthorized issuance of new tokens. One such feature is the invariant checker, which continuously monitors all network transactions and prevents any change to the total supply. Additionally, the system is designed so that a portion of the token is burned with each transaction, reducing the overall supply.

Unlike Bitcoin, which suffered from accidental inflation in 2010, the XRPL has never faced such issues.Vet

Rochard's Criticism and Ripple's Response

Critic Pierre Rochard suggested that Ripple could change the software to remove the supply cap. However, Ripple CTO David Schwartz clarified that while technically possible to fork the blockchain, such changes would not affect the original network's operations. Claims about additional XRP token issuance are unfounded and contradict the platform's fundamental principles.

Thus, the notion that Ripple can issue more XRP tokens is refuted by the platform's inherent security mechanisms and transparency.

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