Ripple Now Owns Minority of XRP Supply as Lawsuit Judgment Loo | .

Ripple Now Owns Minority of XRP Supply as Lawsuit Judgment Looms

Ripple now holds less than half of the total outstanding supply of XRP, dispelling concerns about the centralization of the token as it awaits the outcome of the SEC lawsuit. It detailed that the amount of XRP being held across the company’s various wallets was below 50 billion.

The report refuted criticism that Ripple’s ownership of XRP constituted dominance over its XRP Ledger. It clarified that its unique consensus mechanism, which validates transactions and secures the network, enfranchises validators, who support the network, with a single vote.This is entirely independent of how much XRP they happen to hold. According to the report, Ripple itself operates a mere four out of the over 130 validator nodes that make up the XRP ledger.

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