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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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📅 Ends at 4:00 AM July 22 (UTC)
XRP Ledger reduces the base reserve from 10 XRP to 1 XRP to drop the user threshold
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.