ChainCatcher reported that according to Cointelegraph, XRP Ledger has lowered the base reserve requirement from 10 XRP (about $25.60) to 1 XRP (about $2.56). At the same time, the owner reserve for each account object (including NFTs, trust lines, signature lists, etc.) has also been reduced from 2 XRP to 0.2 XRP. This adjustment was first disclosed by XRP verification node operator Vet.
The purpose of the base reserve is to prevent the size of the ledger from growing beyond the capacity of the node storage. Developers want to prevent the creation of junk accounts with almost no XRP, so the 10 XRP reserve requirement is proposed to prevent this from happening. However, the high reserve has been criticized by some developers, who say it slows down the adoption of the XRP network by users.
