welcome
CoinGape

CoinGape

Business

Business & Economics

Ripple-backed Ledger (XRPL) is mulling changing its transaction fees

CoinGape
Summary
Nutrition label

60% Informative

Ripple-backed XRP Ledger (XRPL) is evolving rapidly, and RippleX developers are now pushing for a new upgrade.

RippleX Developers’ post dived into what the proposed increase in transaction fees will mean for validators.

The dollar valuation of the proposed fee will now be pegged at $ 0.0005 .

This fee is currently pegged at 10 drops, and the plan is to increase it to 200 drops, an increment that will make the fees lower.