RippleX Developers Adjust Transaction Fees to Improve XRPL Performance

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Coin-Turk 1 year ago 160

The XRP ($2.01) Ledger (XRPL), supported by Ripple $2, is in the spotlight due to significant adjustments in transaction fees. RippleX developers aim to enhance network performance and user experience by raising transaction fees from the current level of 10 drops to 200 drops. This change will reorganize transaction costs for validators.

New Regulations for Validators

According to RippleX, the increase in transaction fees will bring vital changes for network validators. The new regulation sets the dollar-based value of transaction fees at $0.0005. This increase is expected to make transaction costs on the network more predictable.

Validators are advised against hardcoding. RippleX developers suggested using SDKs for automated fill systems instead of locking in fees. This approach is anticipated to minimize the risk of failed transactions due to fee level changes.

Additionally, validators are expected to quickly adapt to the new procedures following the updates. Once the proposed changes are approved and implemented, transactions on the network are anticipated to become more efficient and user-friendly.



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