The XRP Ledger destroyed 398.19 XRP for good on Sunday. That is no estimate but the difference between two closed ledgers: early on Saturday afternoon the network showed 99,985,590,096.59 XRP, by Sunday afternoon 99,985,589,698.40. On November 1 the counter-movement arrives, when the escrow contracts open and release 1 billion XRP.
A factor of 2.5 million separates those two figures. Where the price can point over a horizon of months is set out in our XRP price prediction. This piece takes on the supply side, with numbers that come straight from the blockchain and that nobody else reports in this form.
Ledger 107,739,858: what the XRP Ledger shows on Sunday afternoon
Every closed ledger carries a field called total_coins. It states how many XRP exist at that moment. In the ledger numbered 107,739,858, closed early on Sunday afternoon, the value reads 99,985,589,698.399227 XRP.
The network started in 2012 with exactly 100 billion XRP. There can never be more, because the XRP Ledger has no way of issuing new units. Only the reverse route exists: every transaction costs a fee, and that fee goes to nobody. The amount disappea...
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