As part of our Knowing the developers series, we are going to to take a look at Rippled, the client responsible for ripple, the third-largest cryptocurrency by market cap.
XRP and its associated company Ripple Labs have not been short of controversy. Ripple Labs has claimed it was gifted approximately 80 percent of the supply of XRP by open-source developers early on, but when this is held up to scrutiny it does not appear to be the case. Unlike the previous cryptocurrencies we’ve covered, Bitcoin and Ethereum, the Rippled client’s code was not always open-source. For example in its early days, when Ripple Labs developers were able to make direct changes to the protocol unilaterally, like changing the minimum balance for addresses from 200 XRP to 50.