Thread by @krippenreiter

[1/7] I was curious why no one had raised this question sooner. 🧐

The reason for this high figure is that additional #XRP were generated out of thin air.

JUST KIDDING! 😉
The reasons are as follows: 🧵👇

https://twitter.com/Rtrail456/status/1601735838098132996

[2/7] ❗️ What you're seeing is a "drop".

1 #XRP is represented as 1,000,000 drops in #XRPL terms or technical contexts such as the #rippled #APIs response we received from the reporting server.

[3/7] Think about "drops" in the same manner that you think of #SATs.

It is, in reality, the smallest technical unit utilized for exact measurements.

⚠️ As an example:
1 #Satoshi (#SATs) = 0.00000001 #Bitcoin
1 #Drop (#drop of XRP) = 0.000001 #XRP

[4/7] To answer the question, 🧐

What we expect:
☑️ No more than 100B #XRP —OR—
☑️ 100,000,000,000,000,000 drops

API response "totalCoins"
☑️ 99,999,999,999,996,320 (drops of #XRP)

Quick math (✖️ 0.000001 #XRP)
🟰 99,999,999,999.99632 < 100B #XRP

[5/7] ❓ How can it be less than 100B #XRP, you may wonder?

❗️ The only reason the maximum supply of #XRP changes is due to "neutral fees," also known as "transaction fees," which are a negligible amount of #XRP burnt to safeguard the p2p network against spam.
. . .

[6/7] . . .

According to the #XRPL documentation, burning all #XRP will take 70,000 years at the present pace of burning. I'm not sure about you, but I doubt I'll be alive on this day. 🥲
. . .

[7/7] . . .

However, those fees are not fixed, & operators of #rippled validators are eligible to vote on modifications to basic transaction costs and reserve requirements until a quorum of validator nodes agree on the change.

For further informations:👇
xrpl.org/fee-voting.html

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