XRP Ledger recently announced a major adjustment, reducing the base reserve requirement from 10 XRP to 1 XRP, equivalent to about $2.56. The change was first disclosed by the verification node operator Vet and is intended to optimize the user experience and adoption speed of the network.

In addition, the owner reserve for each account object has also been reduced from 2 XRP to 0.2 XRP. This adjustment is expected to reduce the cost of creating an account for users and attract more users to participate in the XRP network.

The original intention of establishing the base reserve was to prevent the ledger from being over-inflated, but the high reserve requirement has been criticized as hindering user growth. This adjustment may bring new vitality to the XRP network. 🚀