Xahau

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/enhancing-transparency-xrp-ledger-introduces-new-feature-for-fee-visibility/" data-wpel-link="internal">Enhancing Transparency: XRP Ledger Introduces New Feature for Fee Visibility</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/analysts-reveal-the-expected-end-date-of-bitcoins-bull-run/" data-wpel-link="internal">XRP</a> Ledger (XRPL),</strong> is advancing in its path to increase transparency by introducing a new feature announced by the data analysis company XRPScan. According to a post from XRPScan, users can now view the base transaction fee on the chain.</p> 
<h2 id="new-development-in-xrp">New Development in XRP</h2> 
<p style="text-align: justify">The inclusion of this feature became necessary following comments from XRPLF Advisor Dr. J. Scott Branson. Branson emphasized that the base transaction fee of the <strong>XRP</strong> Ledger is very low, depending on the general overhead required to perform transactions. Branson’s discussion of the low cost of fees in the XRP ledger also covers the cost requirements for storing <strong>XRP</strong> transactions on the chain. He claimed that the transaction volume in the XRP ledger is proof that many benefit from lower transaction costs compared to their counterparts on the network. By design, the XRPL aims to facilitate large-scale transactions limited to payments and cross-border payments.</p> 
<p style="text-align: justify">With low fees, validators are significantly harmed as they often do more while earning less. It’s a move Branson is motivated to end. To do this, he proposes raising the base fee from 10 to 200 and is putting this vote forward through the Cabbit Tech validator. Senior leaders in the XRP ecosystem agree with Branson, and WietseWind, the creator of Xumm Wallet and founder of <strong>XRPL Labs,</strong> indicates that the proposal will be put to vote at the next maintenance billing.</p> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-size-full-wp-image-296751-aligncenter-src-https-coin-turk-com-wp-content-uploads-2024-01-xrpl-jpg-alt-width-1404-height-309"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-296751 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/xrpl.jpg" alt="" width="1404" height="309"></h2> 
<h2 id="turning-point-in-xrpl">Turning Point in XRPL</h2> 
<p style="text-align: justify">Throughout 2023, the XRPL welcomes many interesting milestones, from the launch of the Xahau sidechain on the main network to numerous upgrades designed to host decentralized exchanges (<a href="https://en.coin-turk.com/uniswap-uni-sees-record-user-influx-amid-memecoin-mania/" data-wpel-link="internal">DEX</a>) and <strong>non-fungible tokens (NFTs).</strong> Along with the joint efforts to change the profitability of validators hosted on the XRP Ledger, the protocol can welcome a new set of live applications that will rely on the security and response speed of the <strong>XRP Ledger</strong> as a reliable competitor when compared to its best counterparts.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/enhancing-transparency-xrp-ledger-introduces-new-feature-for-fee-visibility/" data-wpel-link="internal">Enhancing Transparency: XRP Ledger Introduces New Feature for Fee Visibility</a></h5>

Enhancing Transparency: XRP Ledger Introduces New Feature for Fee Visibility

Table of Contents

COINTURK NEWS

Other articles published on Jan 1, 2024

Basics of Multisig Wallet That Every Crypto User Should Know

Cross-chain protocol Orbit Bridge suffers exploit, losses surpass $80m

Here’s How Crypto Investors Buy Dogecoin on eToro for Profits

Crypto Analysts Upbeat for 2024 After a Year of Building in 2023

CoinGecko: FEG BSC is top trending crypto today

Investor pointed to favorable time to buy BTC before growth

Join our free newsletter for daily crypto updates!