CandleFocus XRPL Labs Founder Votes to Reduce XRP Account Reserve Fee by 90% from 10 XRP to 1 XRP
2024-10-17
Author: Content Editor
Wietse Wind, founder of Xaman development team XRPL Labs, is advocating for a reduction in the XRP Ledger's account reserve fee. He believes that lowering the reserve fee from 10 XRP to 1 XRP will make the XRPL more accessible, especially to users and projects in regions with lower purchasing power. The current reserve fee aims to prevent excessive account creation but has been criticized for impeding growth. Wind also proposes other changes, such as an increase in transaction fees and a decrease in the object reserve. Despite potential challenges, Wind believes that dealing with increased usage would be a positive development for the XRP community.
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