Ripple CEO Celebrates XRP’s 14th Anniversary, Sparks Ledger Dispute

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Ripple CEO Brad Garlinghouse marked 14 years of work on the XRP ecosystem this week, reigniting debate over the token’s “birthday.” Some users argue the modern XRP era began in December 2012, as earlier ledger data is unavailable. The first fully verifiable ledger is numbered 32,570, leaving a seven-month gap. CTO David Schwartz defended the ledger’s continuity, comparing it to a bank’s accounting system update. He also noted that Ethereum’s transition from PoW to PoS did not redefine ETH. The discussion continues over how to define XRP’s origin. Meanwhile, network upgrades remain a key focus for developers. Inflation data from recent months has also attracted attention from analysts.
CoinDesk reports:

Ripple CEO Brad Garlinghouse celebrated on social media his 14th anniversary of involvement in the XRP ecosystem, thanking developers, validators, businesses, and community members. His remarks subsequently reignited the longstanding debate over how XRP’s “birthday” should be calculated.

The dispute traces back to 2012.

Some community members believe that the June anniversary does not accurately correspond to the XRP still in use today. They argue that the modern XRP's origin should be traced to December 23, 2012, rather than the network's initial launch in June.

This perspective is based on the fact that the current ledger history cannot be fully traced back to the initial stage. Due to missing early data, transaction records from the network's first few months can no longer be continuously verified.

The earliest verifiable ledger is 32570.

The article states that after the Ripple network launched in June 2012, the earliest ledger data can no longer be fully restored. The first ledger in the system that can be fully verified is ledger number 32,570.

The missing interval covers approximately seven months, from June to December 2012. As a result, some critics argue that XRP, in the modern sense, should be considered to have begun at the earliest 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 ledger system does not mean the assets themselves have become something different. He used the analogy of a bank switching its accounting system, explaining that the continuity of funds is not lost in the process.

He also noted that after Ethereum transitioned from PoW to PoS, ETH did not become a different token. By this logic, even if there were gaps in XRP’s early ledger, the current XRP should still be considered the same asset as the early XRP.

Community disagreements still revolve around the definition.

The disagreement in this discussion primarily centers on how to define the "birth time." One side emphasizes the historical moment when the network was first launched, while the other side focuses on whether the ledger has maintained a continuous and verifiable history from a specific point onward.

The absence of early ledgers has become a recurring technical backdrop to this debate. Each anniversary milestone reignites discussion within the XRP community around this issue.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.