An XRP Ledger (XRPL) validator has shown that the network can easily manage the same task the U.S. Department of Commerce recently carried out on other blockchains. Vet, an XRPL dUNL validator, showed that publishing official economic data on-chain is possible on the XRPL in a simple and low-cost manner. This has further raised questions about why the U.S. government excluded the XRP Ledger from its recent initiative. US Commerce Department Adopts Blockchain For context, the Commerce Department recently announced that it had begun publishing key economic data, starting with GDP figures, directly on public blockchains.  Officials called the move a proof-of-concept to make government data more transparent and trustworthy. For its trial run, the department released a cryptographic hash of the GDP report across nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.  The report also remains available in its usual formats, such as PDFs, but blockchain technology now makes it more secure and immutable. The recent development triggered excitement within crypto circles, as it pointed to growing public adoption of blockchain. Validator Publishes US GDP Data on the XRPL However, some XRP proponents noticed that the XRPL was not part of the list, even though it has proven to be a trustworthy destination for low-cost and efficient data storage and transactions. Most insisted that the XRPL could actually handle the task. Interestingly, to prove that the omission had little to do with capability, Vet recreated the government's method on XRPL.  He stored the SHA256 hash of the GDP report in two different ways: once as a memo within a transaction, similar to Bitcoin's approach, and once inside a non-fungible token (NFT) that included both the hash and a link to the original file.  https://twitter.com/Vet_X0/status/1961128118145757325 According to Vet, the entire process took only seconds and cost less than a penny. He stressed that all of this was done using native XRPL features, without the need for smart contracts. In response, one proponent asked whether publishing data directly on XRPL would make services like Chainlink or Pyth unnecessary. Vet explained that while anyone can publish the data manually, distributors like Chainlink and Pyth make it more practical. They broadcast information quickly across multiple blockchains, and this ensures broader reach and reliability. When asked if publishing large amounts of such data on XRPL might eventually slow the network down, Vet noted that memos and NFTs have already proven reliable at scale.  The dUNL validator pointed out that GDP data only comes out once every quarter, which puts less strain on the network compared to real-time price feeds. He also noted that XRPL Oracles could handle heavier loads if needed, giving the ledger even more room to scale. Why the Government Sidelined XRPL Meanwhile, someone suggested that the government chose different chains because of their ability to use smart contracts, which XRPL does not yet support at the base layer.  Responding, Vet admitted that smart contracts add versatility. However, the Commerce Department also published data on Bitcoin, which has no native smart contracts either.  Another critic claimed that the government's decision showed a lack of trust in XRPL. However, Vet disagreed with this suggestion.  Notably, he explained that the Commerce Department relied on Chainlink and Pyth to distribute the GDP data. Since neither service currently supports XRPL, the ledger was simply not included. Vet claimed the decision had nothing to do with bias and had more to do with availability. https://twitter.com/Vet_X0/status/1961135399402721338An XRP Ledger (XRPL) validator has shown that the network can easily manage the same task the U.S. Department of Commerce recently carried out on other blockchains. Vet, an XRPL dUNL validator, showed that publishing official economic data on-chain is possible on the XRPL in a simple and low-cost manner. This has further raised questions about why the U.S. government excluded the XRP Ledger from its recent initiative. US Commerce Department Adopts Blockchain For context, the Commerce Department recently announced that it had begun publishing key economic data, starting with GDP figures, directly on public blockchains.  Officials called the move a proof-of-concept to make government data more transparent and trustworthy. For its trial run, the department released a cryptographic hash of the GDP report across nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.  The report also remains available in its usual formats, such as PDFs, but blockchain technology now makes it more secure and immutable. The recent development triggered excitement within crypto circles, as it pointed to growing public adoption of blockchain. Validator Publishes US GDP Data on the XRPL However, some XRP proponents noticed that the XRPL was not part of the list, even though it has proven to be a trustworthy destination for low-cost and efficient data storage and transactions. Most insisted that the XRPL could actually handle the task. Interestingly, to prove that the omission had little to do with capability, Vet recreated the government's method on XRPL.  He stored the SHA256 hash of the GDP report in two different ways: once as a memo within a transaction, similar to Bitcoin's approach, and once inside a non-fungible token (NFT) that included both the hash and a link to the original file.  https://twitter.com/Vet_X0/status/1961128118145757325 According to Vet, the entire process took only seconds and cost less than a penny. He stressed that all of this was done using native XRPL features, without the need for smart contracts. In response, one proponent asked whether publishing data directly on XRPL would make services like Chainlink or Pyth unnecessary. Vet explained that while anyone can publish the data manually, distributors like Chainlink and Pyth make it more practical. They broadcast information quickly across multiple blockchains, and this ensures broader reach and reliability. When asked if publishing large amounts of such data on XRPL might eventually slow the network down, Vet noted that memos and NFTs have already proven reliable at scale.  The dUNL validator pointed out that GDP data only comes out once every quarter, which puts less strain on the network compared to real-time price feeds. He also noted that XRPL Oracles could handle heavier loads if needed, giving the ledger even more room to scale. Why the Government Sidelined XRPL Meanwhile, someone suggested that the government chose different chains because of their ability to use smart contracts, which XRPL does not yet support at the base layer.  Responding, Vet admitted that smart contracts add versatility. However, the Commerce Department also published data on Bitcoin, which has no native smart contracts either.  Another critic claimed that the government's decision showed a lack of trust in XRPL. However, Vet disagreed with this suggestion.  Notably, he explained that the Commerce Department relied on Chainlink and Pyth to distribute the GDP data. Since neither service currently supports XRPL, the ledger was simply not included. Vet claimed the decision had nothing to do with bias and had more to do with availability. https://twitter.com/Vet_X0/status/1961135399402721338

Validator Publishes U.S. GDP Data on XRP Ledger, Explains Why the Government Did Not Pick XRP

An XRP Ledger (XRPL) validator has shown that the network can easily manage the same task the U.S. Department of Commerce recently carried out on other blockchains. Vet, an XRPL dUNL validator, showed that publishing official economic data on-chain is possible on the XRPL in a simple and low-cost manner. This has further raised questions about why the U.S. government excluded the XRP Ledger from its recent initiative. US Commerce Department Adopts Blockchain For context, the Commerce Department recently announced that it had begun publishing key economic data, starting with GDP figures, directly on public blockchains.  Officials called the move a proof-of-concept to make government data more transparent and trustworthy. For its trial run, the department released a cryptographic hash of the GDP report across nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.  The report also remains available in its usual formats, such as PDFs, but blockchain technology now makes it more secure and immutable. The recent development triggered excitement within crypto circles, as it pointed to growing public adoption of blockchain. Validator Publishes US GDP Data on the XRPL However, some XRP proponents noticed that the XRPL was not part of the list, even though it has proven to be a trustworthy destination for low-cost and efficient data storage and transactions. Most insisted that the XRPL could actually handle the task. Interestingly, to prove that the omission had little to do with capability, Vet recreated the government's method on XRPL.  He stored the SHA256 hash of the GDP report in two different ways: once as a memo within a transaction, similar to Bitcoin's approach, and once inside a non-fungible token (NFT) that included both the hash and a link to the original file.  https://twitter.com/Vet_X0/status/1961128118145757325 According to Vet, the entire process took only seconds and cost less than a penny. He stressed that all of this was done using native XRPL features, without the need for smart contracts. In response, one proponent asked whether publishing data directly on XRPL would make services like Chainlink or Pyth unnecessary. Vet explained that while anyone can publish the data manually, distributors like Chainlink and Pyth make it more practical. They broadcast information quickly across multiple blockchains, and this ensures broader reach and reliability. When asked if publishing large amounts of such data on XRPL might eventually slow the network down, Vet noted that memos and NFTs have already proven reliable at scale.  The dUNL validator pointed out that GDP data only comes out once every quarter, which puts less strain on the network compared to real-time price feeds. He also noted that XRPL Oracles could handle heavier loads if needed, giving the ledger even more room to scale. Why the Government Sidelined XRPL Meanwhile, someone suggested that the government chose different chains because of their ability to use smart contracts, which XRPL does not yet support at the base layer.  Responding, Vet admitted that smart contracts add versatility. However, the Commerce Department also published data on Bitcoin, which has no native smart contracts either.  Another critic claimed that the government's decision showed a lack of trust in XRPL. However, Vet disagreed with this suggestion.  Notably, he explained that the Commerce Department relied on Chainlink and Pyth to distribute the GDP data. Since neither service currently supports XRPL, the ledger was simply not included. Vet claimed the decision had nothing to do with bias and had more to do with availability. https://twitter.com/Vet_X0/status/1961135399402721338

Market Opportunity
RealLink Logo
RealLink Price(REAL)
$0,05216
$0,05216$0,05216
-0,51%
USD
RealLink (REAL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Vitalik Buterin Highlights Crypto Privacy with Key Zcash Donation

Vitalik Buterin Highlights Crypto Privacy with Key Zcash Donation

Vitalik Buterin donates to Shielded Labs, supporting Zcash's privacy and security focus. Shielded Labs' Crosslink update enhances Zcash's transaction speed an
Share
Coinstats2026/02/08 05:08
Famed Epstein reporter drops bombshell about '11 men' in the files: 'Trump is on the list'

Famed Epstein reporter drops bombshell about '11 men' in the files: 'Trump is on the list'

A reporter whose work led to the arrests of Jeffrey Epstein and Ghislaine Maxwell dropped a bombshell claim on Saturday, saying the DOJ has been lying and that "
Share
Rawstory2026/02/08 04:50
This U.S. politician’s suspicious stock trade just returned over 200% in weeks

This U.S. politician’s suspicious stock trade just returned over 200% in weeks

The post This U.S. politician’s suspicious stock trade just returned over 200% in weeks appeared on BitcoinEthereumNews.com. United States Representative Cloe Fields has seen his stake in Opendoor Technologies (NASDAQ: OPEN) stock return over 200% in just a matter of weeks. According to congressional trade filings, the lawmaker purchased a stake in the online real estate company on July 21, 2025, investing between $1,001 and $15,000. At the time, the stock was trading around $2 and had been largely stagnant for months. Receive Signals on US Congress Members’ Stock Trades Stocks Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions. Enable signal The trade has since paid off, with Opendoor surging to $10, a gain of nearly 220% in under two months. By comparison, the broader S&P 500 index rose less than 5% during the same period. OPEN one-week stock price chart. Source: Finbold Assuming he invested a minimum of $1,001, the purchase would now be worth about $3,200, while a $15,000 stake would have grown to nearly $48,000, generating profits of roughly $2,200 and $33,000, respectively. OPEN’s stock rally Notably, Opendoor’s rally has been fueled by major corporate shifts and market speculation. For instance, in August, the company named former Shopify COO Kaz Nejatian as CEO, while co-founders Keith Rabois and Eric Wu rejoined the board, moves seen as a return to the company’s early innovative spirit.  Outgoing CEO Carrie Wheeler’s resignation and sale of millions in stock reinforced the sense of a new chapter. Beyond leadership changes, Opendoor’s surge has taken on meme-stock characteristics. In this case, retail investors piled in as shares climbed, while short sellers scrambled to cover, pushing prices higher.  However, the stock is still not without challenges, where its iBuying model is untested at scale, margins are thin, and debt tied to…
Share
BitcoinEthereumNews2025/09/18 04:02