XRP Ledger fee spike… Ripple CTO: "For system stability"

Source
JOON HYOUNG LEE

Summary

  • Ripple’s CTO said the recent XRP Ledger fee spike is intended to maintain system stability on the network.
  • CTO Schwartz said that if transactions become excessive due to a rise in TPS, fees can in theory rise without limit to maintain processing speed.
  • CoinPedia said the fee spike is a built-in mechanism to cope with a sudden increase in demand, manage transaction congestion, and return the system to normal.

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Ripple has recently said the surge in fees on its blockchain, the XRP Ledger (XRP Ledger), is intended "for system stability."

David Schwartz, Ripple’s chief technology officer (CTO), said on X that "there are two interesting things about the fee spike," adding that "first, if more transactions come in than the network can handle without strain, fees rise as much as needed to keep processing speed at an appropriate level," on the 25th (local time). He said, "Even if TPS (transactions per second) is just 10,000 higher than what the network can handle, transaction fees can theoretically rise without limit."

CTO Schwartz also stressed that "second, processing speed is determined by agreement among validators." He noted, "The network is not run to match the fastest validator, nor is it run to match the slowest validator," and added, "If we assume TPS doubles when servers are barely keeping up with the network, servers can fall behind even without a fee spike."

In this regard, CoinPedia assessed that "the recent fee spike on the XRP Ledger shows how sensitive the network is to a sudden increase in demand." CoinPedia said, "the change is part of an built-in mechanism designed to protect system performance," adding that "(the fee increase) is necessary to manage transaction congestion and return the system to normal."

JOON HYOUNG LEE

JOON HYOUNG LEE

gilson@bloomingbit.ioCrypto Journalist based in Seoul
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