The XRP Ledger has reduced the base reserve from 10 XRP to 1 XRP to lower the user threshold

2024-12-03 18:21:55

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ChainCatcher news, according to Cointelegraph, the XRP Ledger has reduced the base reserve requirement from 10 XRP (approximately $25.60) to 1 XRP (approximately $2.56). At the same time, the owner reserve for each account object (including NFTs, trust lines, signature lists, etc.) has been lowered from 2 XRP to 0.2 XRP. This adjustment was first disclosed by XRP validator node operator Vet.

The purpose of the base reserve is to prevent the size of the ledger from exceeding the storage capacity of the nodes. Developers aimed to prevent the creation of junk accounts with almost no XRP, which is why a reserve requirement of 10 XRP was proposed to avoid this situation. However, the high reserve requirement has faced criticism from some developers, who argue that it slows down the adoption of the XRP network by users.

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