Ripple executives celebrate XRP's 14th anniversary, sparking ledger controversy.
U.Today
06-03 18:26
Ai Focus
Ripple executives celebrated XRP's 14th anniversary, but the lack of early ledgers has reignited debate within the community about XRP's actual origins.
Helpful
No.Help

Ripple CEO Brad Garlinghouse celebrated his 14th anniversary in the XRP ecosystem on social media, thanking developers, validators, businesses, and community members. This statement subsequently raised the long-standing question of how XRP's "birthday" should be calculated.

The controversy points to the starting point of 2012.

Some community members believe that the June anniversary does not accurately correspond to the XRP still in use today. They suggest that the starting point of modern XRP should be December 23, 2012, rather than June, the month the network was originally launched.

This view is based on the fact that the current ledger history cannot be fully traced back to the earliest stages. Due to the lack of early data, transaction records from the first few months of the network cannot be continuously verified.

The earliest verifiable ledger is 32570.

The article mentions that after the Ripple network launched in June 2012, the earliest batch of ledger data could not be fully recovered. The first ledger in the system that could be fully verified was ledger number 32,570.

The missing period covers approximately seven months, from June to December 2012. Therefore, some critics argue that the modern definition of XRP should begin from a continuous and verifiable point in the ledger's history.

Schwartz defends network continuity

In response to this claim, Ripple CTO David Schwartz stated that a change in the accounting system does not mean that the assets themselves have become something else. He used the analogy of a bank changing its accounting system to argue that the continuity of funds is not lost.

He also mentioned that after Ethereum transitioned from PoW to PoS, ETH did not become a different token. Following this logic, even if there are gaps in XRP's early ledger, current XRP and early XRP should still be considered the same asset.

Community disagreements still revolve around the definition

The main point of contention in this discussion lies in how to define "birth time." One side emphasizes the historical point at which the network was first launched, while the other side emphasizes whether the ledger records have a continuous and verifiable history from a certain point in time.

The missing early ledger has become the technical backdrop for this recurring debate. Every anniversary, the XRP community revisits this issue.

Tip
$0
Like
0
Save
0
Views 905
CoinMeta reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
Strategy's small sale of Bitcoin sparks market controversy.
After Strategy sold 32 bitcoins, the market debated its holding strategy and financial pressures.
U.Today
·2026-06-05 01:37:49
141
Microsoft's threat to sue security researchers sparks controversy.
Microsoft and security researchers are embroiled in a dispute over the public disclosure of a vulnerability without fixing it, raising concerns within the security community that this move could discourage vulnerability reporting.
TechCrunch
·2026-05-30 01:35:23
261
GitHub Copilot's switch to token-based billing has sparked controversy.
TechCrunch reports that GitHub Copilot will switch to token-based billing starting June 1, and some developers are expressing dissatisfaction with the increased costs.
TechCrunch
·2026-05-31 00:41:59
734
SpaceX's mega-IPO is approaching, but its valuation and index inclusion arrangements are causing controversy.
With SpaceX's mega-IPO approaching, retail investors are questioning its high valuation, while Wall Street is accelerating its index inclusion and product development.
金十数据
·2026-06-01 11:03:49
423
Polymarket rules May contract invalid; UMA vote sparks controversy.
Polymarket included the Strategy Bitcoin sale in its June contracts, and the UMA large-holder vote results sparked governance controversy.
CoinDesk
·2026-06-04 15:57:29
368