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

user avatar

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.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Analysts Remain Bullish on SpaceX Stock Despite Recent Challenges

chest

Despite recent challenges, analysts maintain a bullish outlook on SpaceX stock, citing its unique positioning in the market.

user avatarDavid Robinson

SpaceX Stock Faces Volatility Amid Lockup Expirations

chest

SpaceX stock has experienced significant fluctuations due to recent lockup expirations, with investors questioning its future performance.

user avatarAndrew Smith

Meta's Valuation Advantage Over SpaceX

chest

Despite SpaceX's rapid growth, Meta has a more favorable stock valuation, trading at about 66 times sales compared to SpaceX's 45 times sales.

user avatarZainab Kamara

SpaceX Outpaces Meta in Revenue Growth

chest

SpaceX's revenue grew by 92% year-over-year, while Meta's revenue increased by 28%. SpaceX's growth is driven by demand for AI and connectivity, whereas Meta's growth is slower but consistent.

user avatarJacob Williams

SpaceX and Meta Compete for $2 Trillion Valuation

chest

SpaceX and Meta are competing for a $2 trillion market valuation, with SpaceX having briefly reached this mark in June.

user avatarSon Min-ho

SanDisk's Impressive Stock Performance Post Spin-off

chest

SanDisk has experienced a remarkable stock increase of almost 3,900% since its spin-off from Western Digital, driven by high demand for NAND flash memory, with analysts suggesting over 50% upside from current levels.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.