EddieJayonCrypto
4 Dec 24
Developers working on the XRP Ledger have made significant changes in response to the blockchain's increased popularity. XRPL Labs adjusted validator configuration to lower fees and reserve requirements, aiming to reduce barriers for new users. As of December 2nd, reserve requirements for XRPL users...
XRP Ledger developers have adjusted validator configuration to lower fees and reserve requirements, aiming to accommodate increased on-chain activity. This move is in response to the blockchain's surge in popularity, with the goal of reducing barriers for new users. As of December 2nd, reserve requirements for XRPL users have been reduced from 20 to 1 XRP, freeing up excess XRP for traders. Ripple CTO David Schwartz has urged validators to upgrade to 2.3.0 of rippled, coinciding with XRP's surge in value to $2.51, up 82% from a week ago.
Developers working on the XRP Ledger have made significant changes in response to the blockchain's increased popularity. XRPL Labs adjusted validator configuration to lower fees and reserve requirements, aiming to reduce barriers for new users. As of December 2nd, reserve requirements for XRPL users have been reduced from 20 to 1 XRP, freeing up excess XRP for traders. These changes are intended to make participation in the XRP Ledger ecosystem more affordable, broadening its user base.
Ripple CTO David Schwartz has urged validators to upgrade to 2.3.0 of rippled, the reference server implementation of the XRP Ledger, coinciding with XRP's surge in value to $2.51, up 82% from a week ago.