XRP Turns 10: Here’s How It Started

Alex Dovbnya

Controversial cryptocurrency remains household name after surviving tumultuous decade

The Ripple-affiliated cryptocurrency called XRP has just turned 10 years old.

Apart from Bitcoin and Dogecoin, it is the only O.G. cryptocurrency that managed to remain among the biggest cryptocurrencies by market cap.

Arthur Britto, David Schwartz and Jed McCaleb, co-founders of Ripple Labs, started working on the XRP Ledger back in 2011. Schwartz’s first commit dates back to November 2011.

On June 2, 2012, Britto submitted lines of code that created 100 billion tokens that were then called “XNS.”

However, the earliest transaction history of the controversy-mired cryptocurrency has been erased since the ledger was reset multiple times due to bugs.

The current version of the XRP Ledger started in December 2012.

As of today, more than 72 million ledgers have been confirmed on the XRP Ledger, with the total number of transactions surpassing 807,000.

A substantial portion of the 100 billion tokens (20%) was gifted to Britto, McCaleb and Ripple co-founder Chris Larsen. The latter joined the engineers after starting a new company called NewCoin (which was rebranded to OpenCoin…

Read more at u.today

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