Ripple CTO Weighs in on Potential XRP Fork Scenario
- A validator proposed doubling XRP’s supply from 100 to 200 billion, igniting community debate.
- Ripple CTO David Schwartz confirmed that XRPL’s decentralized nature allows multiple network versions.
- The proposal is purely theoretical and intended as an experiment to demonstrate the network’s decentralization capabilities.
To highlight the decentralized nature of the XRP network, Vet, a validator on XRPL, ignited discussions across the community by proposing a theoretical increase in the total XRP supply from 100 billion to 200 billion tokens.
The controversial proposal was ultimately rejected by the XRPL Foundation (XRPLF) maintainers. Despite this, Vet proceeded to release a modified version of the XRPL software, which allows node operators to run a forked version of the network.
Highlighting Decentralization and the Potential for Forks
Vet’s proposal underscores blockchain’s core principle: the ability to fork in the face of disagreement. The validator aimed to illustrate that XRP’s future isn’t solely in the hands of Ripple or the XRPLF, but is instead shaped by the collective decisions of validators, exchanges, and node operators.
Ripple CTO Dav…
The post Ripple CTO Weighs in on Potential XRP Fork Scenario appeared first on Coin Edition.
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Ripple CTO Weighs in on Potential XRP Fork Scenario
- A validator proposed doubling XRP’s supply from 100 to 200 billion, igniting community debate.
- Ripple CTO David Schwartz confirmed that XRPL’s decentralized nature allows multiple network versions.
- The proposal is purely theoretical and intended as an experiment to demonstrate the network’s decentralization capabilities.
To highlight the decentralized nature of the XRP network, Vet, a validator on XRPL, ignited discussions across the community by proposing a theoretical increase in the total XRP supply from 100 billion to 200 billion tokens.
The controversial proposal was ultimately rejected by the XRPL Foundation (XRPLF) maintainers. Despite this, Vet proceeded to release a modified version of the XRPL software, which allows node operators to run a forked version of the network.
Highlighting Decentralization and the Potential for Forks
Vet’s proposal underscores blockchain’s core principle: the ability to fork in the face of disagreement. The validator aimed to illustrate that XRP’s future isn’t solely in the hands of Ripple or the XRPLF, but is instead shaped by the collective decisions of validators, exchanges, and node operators.
Ripple CTO Dav…
The post Ripple CTO Weighs in on Potential XRP Fork Scenario appeared first on Coin Edition.
Read More