Long-hidden bug in XRP Ledger could have inflated supply
- A bug allowing potential creation of new XRP was present for over a decade.
- The vulnerability, identified as an “integer overflow,” was discovered on September 22 by researcher Cayden Liao and Veria AI.
- No new XRP was created, with approximately 99.986 billion XRP still in circulation today.
- The XRP Ledger (XRPL) is a decentralized layer-1 blockchain, launched in 2012, with a capped total supply of 100 billion coins.
- RippleX implemented a fix for the bug, ensuring the integrity of the total supply rule.
The discovery of this bug highlights the importance of security within blockchain systems like the XRP Ledger, which relies on its fixed supply to maintain value and trust among holders.
With no damage reported and about 99.986 billion XRP remaining unaffected, the integrity of the network’s supply cap has been preserved following prompt action by RippleX.(Source)
