The XRP Ledger (XRPL) amendment, which is still in development, will change the fee structure to calculate fees directly in XRP. An amendment on the XRP Ledger (XRPL) is currently in development, with an aim to enforce a complete review of the fee structure on the network. The amendment seeks to revise the manner with which fees are calculated – shifting from a flat fee to one that is directly quantifiable in XRP. This new set-up will bring about easier cost-efficiency calculations, providing users a better idea of how much they will spend for their transactions.
This review of the fee structure will also introduce a dynamic rate for the network’s costs. This will enable the system to adjust its rate based on the current network load, thereby allowing the ledger to maintain a healthy and secure environment. Through this, user transactions will be more secure than ever before, and the ledger will remain accessible to everyone.
The introduction of the new fee structure on the XRP Ledger (XRPL) will be a welcome change for users, with the promise of greater cost-efficiency and security. It’s an exciting prospect for anyone interested in exploring the potential of the XRPL network.
