Following the announcement of the creation of a strategic reserve of digital assets by Donald Trump, which included Ripple (XRP), the crypto market faced a wave of optimism among investors. However, the issue of deleting 32,000 blocks from the Ripple blockchain has resurfaced, raising concerns about the transparency and legitimacy of this digital currency. Ripple, as a top digital currency, has high demand among traders. Yet, the deletion of 32,570 blocks from the blockchain of this project, which occurred shortly after the launch of the Ripple Ledger (XRPL) in 2012, remains unanswered. Some critics believe that this action may have been done with the aim of secretly allocating tokens. Bitcoin Dad, a prominent market analyst, stated that the deletion of these blocks was either due to incompetence or intentional. He also viewed Ripple Labs controlling 44% of the total XRP token supply as a sign of centralization, contradicting the decentralized nature of Bitcoin. Meanwhile, David Schwartz, Ripple’s Chief Technology Officer, attributed the deletion of these blocks to a technical issue in the initial servers and stated that they cannot be recovered. He also explained that at that time, developers did not expect the Ripple Ledger to evolve into a permanent financial system. Despite these explanations, criticisms continue. The announcement of Ripple’s presence in America’s strategic reserves has reignited these discussions. Critics also consider the lack of transparency in Ripple’s initial distribution as one of the fundamental challenges of this network and believe that the founders have not provided any clear updates on this issue so far. After the news about America’s strategic reserves, the price of Ripple and other currencies on this list, including Solana (SOL) and Cardano (ADA), experienced a significant surge. However, some Bitcoin enthusiasts strongly criticize this decision and view it as a threat to the decentralized principles of the digital currency market. On the real-time digital currency price page, you can view the prices of all tokens and cryptocurrencies live and instantaneously.
