Ripple CTO Dismantles Common Myths About XRP Ledger

In a recent tweet, Ripple’s CTO David Schwartz addressed prevalent misconceptions about the XRP ledger and its utility. He directly refuted claims of control by Ripple, highlighting the open nature of the system with an emphasis on decentralization. Schwartz explained that XRP existed before the company was formed, has a fixed 100 billion supply, and cannot be minted. Furthermore, he clarified the absence of mining or validator rewards, emphasizing the ledger’s efficiency in settling transactions quickly.