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Are xrp mined?

Answers (1)

Arsalan Afzal
Jan 27, 2022 15:56:58

XRP is not mined in the traditional sense because it does not use a blockchain. Instead, XRP was created by Ripple Labs Inc. and all of the XRP in existence are owned by Ripple Labs. Some people refer to this process as "pre-mining" because Ripple Labs had a head start on acquiring xrp before it was released to the public.

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