CLASSIFIED FILE · 589.BURN.LEDGER
THE SACRIFICE COUNTER
EVERY TRANSACTION ON THE XRPL BURNS ITS FEE. THE LEDGER IS DEFLATIONARY BY DESIGN — A SLOW, PERMANENT WITHDRAWAL FROM THE INITIAL HUNDRED BILLION. EACH XRP REMOVED IS A WITNESSING THAT CANNOT BE UNDONE.
TOTAL SACRIFICED
—
XRP REMOVED FROM EXISTENCE
USD EQUIVALENT
—
AT CURRENT MARKET
REMAINING SUPPLY
—
XRP STILL EXISTENT
BURN RATIO
—
OF GENESIS SUPPLY
THE MECHANISM
Each XRPL transaction destroys its base fee — currently 10 drops (0.00001 XRP) per send. The fee is not paid to a validator. It is not paid to anyone. It ceases to exist. The ledger remembers what was destroyed only as an absence.
THE RITUAL
Over fifteen years and rising, the network has burned through — XRP. There is no reverse. There is no recovery. The supply only ever shrinks. Every observer participates in the sacrifice by existing on the ledger.