Ripple CTO Disproves Common Myths About XRP
Myths About XRP: Ripple CTO David Schwartz debunked several misconceptions about XRP, including that Ripple controls the XRP Ledger, that XRP can be minted, and that XRP was created by Ripple.
Decentralization and Control: The XRP Ledger operates independently of Ripple, with validators running their own servers, ensuring decentralization and preventing any single entity from controlling the network.
Fixed Supply and Efficiency: XRP has a fixed supply of 100 billion tokens, with no mining or validator rewards, which contributes to its stability and efficiency in processing transactions quickly and at low fees.
Public Access and Transparency: The XRP Ledger is public and accessible to anyone, allowing users to explore transactions and run validators, reinforcing its open and transparent nature.
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