XRP Holders Hold Less than 50% of Ripple’s Supply

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The volume of XRP tokens owned by Ripple Labs has fallen below 50% of the supply for the first time in history. Such data are provided in the report on the company’s activities for the third quarter.

The fintech startup operates only four of the more than 130 nodes on the XRP Ledger (XRPL).

The presented figures were a response to statements about the high degree of centralization of the project.

According to the report:

“XRP Ledger (XRPL) uses a federated Byzantine agreement to validate transactions, add new features, and secure the network. This means that each validator receives one vote, no matter how much XRP they own.”

During July-September, the total sales of XRP by the fintech startup amounted to $310.7 million.