XRP Ledger reduces the base reserve from 10 XRP to 1 XRP to drop the user threshold

robot
Abstract generation in progress

ChainCatcher message, according to Cointelegraph, the XRP Ledger will reduce the base reserve requirement from 10 XRP (about $25.60) to 1 XRP (about $2.56). At the same time, the base reserve for each account object (including Non-fungible Token, trust lines, signers, etc.) has also been reduced from 2 XRP to 0.2 XRP. This adjustment was first disclosed by Vet, the operator of the XRP validation Node. The purpose of the base reserve is to prevent the size of the ledger from growing beyond the capacity of the Node storage. Developers want to prevent the creation of garbage accounts with almost no XRP, so they propose a 10 XRP reserve requirement to prevent this from happening. However, the high reserve has received criticism from some developers, who say that it slows down the adoption of the XRP network by users.

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
Sukmazankivip
· 2024-12-03 13:15
Continue BUIDL 🧐
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)