CandleFocus XRP Ledger Lowers Reserve Requirements to 1 XRP, Potentially Enhancing User Accessibility and Network Adoption
2024-12-03
Author: Content Editor
The XRP Ledger has reduced its base reserve requirements from 10 XRP to 1 XRP, making it more accessible to users and lowering barriers to entry. This change allows users to maintain active wallets with just 1 XRP, encouraging growth in network participation. The reduction aims to streamline user onboarding and enhance the overall XRP ecosystem. Previously, the larger reserve was implemented to limit spam accounts, but the reduction is part of a broader push to democratize access. The lowered requirement not only encourages new wallets but also reduces the amount of XRP locked up as reserve. While this change could increase workload for the network's infrastructure, it signifies a growing interest in the platform.
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