XRP Ledger Just Became Much Cheaper to Use Following Coin’s 400% Price Spike – BitRss

Account activation on the XRP Ledger now only requires 1 XRP, valued at around $2.50, to meet the blockchain’s reserve requirement—a feature designed to limit excessive growth of the network by setting a minimum amount of XRP an account must hold.

The reserve fee structure was changed late Monday when validators approved new reserve fees on the XRP Ledger, dropping the base reserve requirement from 10 XRP to 1 XRP. 

“Together with other UNL Validators we’ve voted to reduce the XRPL Reserves!” said the pseudonymous Aesthetes Fine Art, an XRP Ledger validator on X (formerly known as Twitter). “It’s now 10x cheaper to start operating on the XRPL!”