Ripple CEO Brad Garlinghouse recently took to social media to celebrate the 14th anniversary of XRP, one of the leading altcoins by market capitalization.
Garlinghouse stated that it is still the honor of his lifetime to be part of the XRP family.
He has made it clear that the network’s growth is a collective achievement.
The Ripple executive has extended his gratitude to developers, validators, businesses, and community members.
The birthday debate
However, the exact birthday of the XRP token is now immediately clear.
It has reignited an ever-simmering debate within the cryptocurrency community regarding the exact “birthday” of XRP.
One user pushed back against the June anniversary date, arguing that the XRP people use today did not exist 14 years ago. Some believe that XRP’s true 14th birthday is actually Dec. 23 of this year.
However, Ripple CTO David Schwartz stepped in to defend the continuity of the network.
“If your bank changes its accounting system, is the money after the change different from the money before the change? Is ETH after the change to PoS different from ETH when it used PoW?” he asked.
The critic, however, argues that pre-December 2012 XRP is fundamentally different and effectively no longer exists on the modern ledger.
The missing ledgers
Ripple’s earliest ledger data from its June 2012 launch is irretrievably incomplete.
A server bug erased the headers for the first 32,569 ledgers of the XRP Ledger.
Due to this data loss, it is impossible to trace the transaction history all the way back to the true genesis ledger.
The first fully verifiable ledger in the system is ledger 32,570.
The period of lost ledger data covers the network’s first seven months, spanning from June to December 2012.
Given that the continuous secure history of the ledger only begins in late 2012, critics argue that the modern incarnation of XRP officially began at that point.
This technical gap explains why some community members push back against the June birthday celebrations.
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