This article was first published on Insights – Ripple
Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements such as Xpring and RippleNet partnerships and commentary on previous quarter market developments. As an XRP holder, Ripple believes proactive communication is part of being a responsible stakeholder. Moreover, Ripple urges others in the industry to follow its lead to build trust, foster open communication and raise the bar industry-wide.
The decentralized XRP Ledger is the home of XRP, a digital asset built for payments. In June 2012, 100 billion units of XRP were created, with the stipulation that no more XRP will ever be created. Later that year in September 2012, Ripple was founded and was gifted a portion of this XRP. Ripple did not create XRP. The available XRP supply decreases over time as fractional amounts are burned—destroyed—to pay transaction costs.
Since the creation of the XRP Ledger, the number of closed ledgers has exceeded 51 million (as of December 31, 2019), with over 150 known validators participating on the network. The diversity of these validator nodes further guarantees fairness and neutrality on the XRP Ledger. No single entity can decide which transactions succeed or fail, and no single entity can alter a transaction after it is added to the Ledger. As a result, no transaction submitted to the XRP Ledger has ever been discriminated against or censored—unlike some proof-of-work systems, where small groups of miners control over 51% of the hashing power, and could potentially reverse transactions.
Disciplined, Responsible Stakeholders: Continued Pause in XRP Sales
As readers may recall, in Q2 2019, Ripple shifted to a more conservative volume benchmark for XRP sales, away from CoinMarketCap and ...
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Insights – Ripple