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Ripple's chief technology officer (CTO) David Schwartz made important statements regarding the block loss issue in the XRP Ledger, which has resurfaced in the XRP community.
Schwartz stated that there was a software error during the initial development phase and approximately 32,000 blocks were lost because of it.
The XRP Ledger, the blockchain network that underpins the XRP coin, does not contain data from the first 32,000 blocks. This has led to some claims that the block records may have been intentionally deleted. Regarding this loss, which sparked debate within the community, Schwartz maintained in a social media post that the block loss in question was not intentional.
Schwartz said, “Existing data wasn't deleted to prevent further loss. There was no way to recover the lost data.” He also responded to the question of why the blockchain wasn't reset at the time: “Resetting the blockchain would have erased all data beyond block 32,000, rather than ensuring the integrity of the data.”
Records on the XRP Ledger currently begin at block number 32,570, meaning that approximately 32,000 blocks from the first 10 days of the blockchain—a significant transaction history—have been irretrievably lost.
Schwartz stated that this technical issue was first raised in May, and that the data loss occurred due to a software error while testing several ledger streams during early development. Although a plan to reset the system was made after the error was identified, this step was never implemented.
As a result, the Ripple team decided to continue the system in its current form to ensure the security of subsequent blocks, even at the cost of losing the first ones.
*This is not investment advice.