 ▲ XRP (XRP) |
XRP (XRP) is a fully decentralized asset with no central issuing entity, meaning stolen funds cannot be forcibly recovered.
According to crypto media outlet The Crypto Basic on February 14 (local time), former Ripple Chief Technology Officer Stefan Thomas stated that there is no entity anywhere in the world with the authority to reverse XRP if it is stolen or mistakenly sent. In a recent Q&A session with the community, Thomas explained that due to the structural design of the XRP network, transaction cancellations or fund freezes are impossible.
The recently introduced Clawback feature on the XRP Ledger can be applied to certain tokens issued on the network, but it does not apply to XRP itself. Clawback is designed to help issuers recover assets in response to legal regulations or security incidents. However, since XRP is a native asset without an issuing authority, there is no entity that holds such control rights.
Thomas emphasized the value of decentralization, stating, “Like Bitcoin (BTC), XRP is an autonomous asset that is not controlled by anyone.” His remarks are expected to serve as strong evidence dispelling misconceptions that Ripple can adjust XRP’s supply or arbitrarily manipulate the assets of specific accounts.
The digital asset industry assesses that XRP’s characteristics enhance its credibility while simultaneously placing significant personal security responsibility on investors. The structure, in which no central authority can provide relief, reflects blockchain’s fundamental philosophy of excluding intervention by traditional financial systems. This has also been seen as a factor prompting institutional investors to consider XRP as an independent store of value.
Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses based on it. The content should be interpreted for informational purposes only.