Mlion friends, have you ever thought that one day your XRP wallet will suddenly "unlock" more XRP? 🤔 This is not a fantasy, Ripple's CTO David Schwartz recently revealed a big news!
In the world of XRPL (XRP Ledger), account reserves have always been an important line of defense against network spam and abuse. 🛡️ Traditionally, users need to lock a certain amount of XRP to activate their accounts and maintain network objects like NFTs. But on December 2, XRPL made major adjustments to the account reserve requirements of wallets: from 10 XRP to 1 XRP, and the ownership reserve was also reduced from 2 XRP to 0.2 XRP! 😱
What does this adjustment mean? Does it mean that new users can enter this world more easily, and existing account holders can have more flexibility? 🤔 But some people are also worried that lowering the minimum reserve requirement will allow spammers to take advantage of the opportunity to flood the network?
Don’t worry, Schwartz elaborated on the complex considerations behind the reserve modification in a post on X. He emphasized that the main purpose of the reserve mechanism is not just simple governance, but also a key tool for maintaining network stability and preventing potential abuse. 🛡️
But there are also some issues with the voting mechanism for reserve adjustments. When validators are inactive or the voting results are evenly matched, the network may become unstable and the reserve level will fluctuate between different settings. 🌊
To address this, Schwartz proposed two key voting configuration improvements. First, he suggested implementing a default "off" setting for reserve changes, with any modifications requiring explicit configuration. Second, he suggested establishing a neutral default setting to prevent unintentional reserve adjustments from occurring without deliberate intervention by validators. 🔒
Schwartz also pointed out a unique aspect of the reserve modification: “When the reserve is lowered, every account on the XRPL immediately has more unlocked XRP.” This means that your previously locked XRP may now be “free”! 🎉
While Schwartz believes that this reserve reduction is inevitable, he also said that he prefers a more conservative approach. However, this move is just one of a series of amendments to improve the ecosystem, and the growing popularity and price increase of XRP also show that the community is moving in the right direction. 🚀
Now, are you eager to see how many more "unlocked" XRPs are in your XRP wallet? 😉 But don't forget, investment is risky, so be cautious when entering the market! Before making any investment decision, be sure to conduct in-depth research and analysis. You can follow Mlion (please visit: 🤖👉mlion.ai for experience). As an AI investment research assistant in the Web3 field, Mlion combines real-time news with AI in-depth analysis to provide you with accurate market insights and investment advice. Whether it is currency price prediction, project research reports, or quickly capturing market hotspots, Mlion can help you seize opportunities in advance. The Mlion platform now has a new feature-ML SWAP, which can realize one-click cross-chain exchange, which is convenient and fast. It supports more than 50 chains and more than 40 plug-in wallets. SOL and BTC chains can be easily handled. Especially the BTC chain, the cross-chain exchange of contracts that other platforms cannot do, Mlion can help you achieve it!
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The above content is for information sharing only and does not constitute any investment advice! Investment is risky, so be cautious when entering the market!
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