Ripple CTO Emeritus Dismisses XRP Ledger Fee Hike Proposal
An XRP holder proposed increasing ledger fees 100x to burn more tokens, but Ripple’s CTO Emeritus argued fee revenue is the wrong metric.
An XRP holder recently proposed a 100 times increase in XRP Ledger fees aimed at burning a larger volume of tokens, according to Aol. However, the proposal faced pushback from leadership within the ecosystem.
Leadership Response
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Ripple’s CTO Emeritus addressed the suggestion publicly, stating that focusing on fee revenue is the wrong metric for evaluating the network. The executive did not support the dramatic fee hike idea, casting doubt on the likelihood of the community adopting such a change.
Key Facts
- An XRP holder proposed raising Ledger fees by 100x.
- The stated goal of the proposal was to burn more tokens.
- Ripple's CTO Emeritus rejected fee revenue as the correct metric.
Source: news.google.com
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