Calling Ripple and XRP the same thing blurs the company’s role and the blockchain network’s operating structure all at once.
Reports on 9월 9일 that conveyed 21Shares’ explanation pointed out that Ripple, XRP, and the XRP Ledger should each be distinguished.
When reading claims about XRP or wallet figures, you should first examine what these three names refer to.
3-Line Summary
1. Ripple, XRP, and XRPL are different.
2. Ripple is 1 of the 35 UNL validators.
3. Network descriptions alone cannot be used to assess price.
Corporate Ripple, Asset XRP, and Network XRP Ledger
Ripple is a private technology company that develops financial infrastructure and payment solutions. By contrast, the XRP Ledger (XRPL) is a public blockchain network, and XRP is the digital asset used on that network. Although the company, network, and asset are connected, they are not the same thing.
TokenPost, citing 21Shares’ explanation, reported that the fact that Ripple is involved in the XRP ecosystem and the development of the XRP Ledger does not by itself mean that it owns or controls the entire network. Pinpoint News also reported that 21Shares described the XRP Ledger as a decentralized, open-source blockchain operated separately from Ripple.
This distinction is not merely a matter of terminology. News about Ripple’s business plans or the company does not automatically constitute a decision by the XRP Ledger as a whole or a change to XRP itself.
The Number of Validators Does Not by Itself Mean Control by One Company
According to TokenPost, the XRP Ledger’s default Unique Node List (UNL) contains 35 validators, of which 1 is operated by Ripple. It reported that more than 150 validators operated by universities, exchanges, companies, and individuals participate across the network.
The UNL is a list of trusted validators referenced during the transaction-validation process. Therefore, the statement that Ripple operates one validator is not the same as claiming that Ripple operates all validators or can arbitrarily cancel or freeze every transaction. The position of 21Shares, as reported by Pinpoint News, was also that Ripple cannot unilaterally cancel or freeze network transactions.
However, this is the operating structure described by the report and the news coverage. Corporate participation, the network’s decentralization, and the asset’s value should be examined as separate questions.
The Role of 1,000억 XRP and Transaction Fees
According to TokenPost, 1,000억 XRP were created all at once when the XRP Ledger launched, and unlike Bitcoin, it is not structured so that new supply continues to be created through mining. It reported that when transactions are processed, a small amount of XRP is permanently burned as a fee.
The explanation is that the primary purpose of this fee is not to create scarcity but to impose a cost on repeated transaction requests and network spam. Because fees are burned, the total supply cannot increase and instead moves in a declining direction, but this structure alone cannot directly determine XRP’s price or investment performance.
Ultimately, when reading information related to XRP, the first things to separate are Ripple’s corporate activities, the XRP Ledger’s operating method, and the figures concerning the asset XRP. Even when the names appear together, the interpretation changes if they concern different things.
References
Tags #XRP #Ripple #XRP고원장 #XRPL #VirtualAssets #Blockchain #XRPValidators #UNL #XRPSupply #XRPFees #DifferenceBetweenRippleAndXRP #XRPNetwork