David Schwartz Defends XRP Ledger Fee Model as Burn Mechanism Faces Scrutiny
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7 Articles
Ripple's Schwartz Slams Fee Metric as 100x XRP Fee Hike Is Floated
Blockchain fee revenue is a poor performance metric, according to Ripple’s David Schwartz. Responding to an XRP Ledger fee suggestion, he described transaction charges as friction the chain failed to remove and questioned whose interests the metric represents. Schwartz Questions Whose Interests Higher Fees Serve People paying to use a blockchain face costs that fee […]
Crypto Economy
Cryptocurrency News | Cryptocurrency Prices | Market CapDavid Schwartz Defends XRP Ledger Fee Model as Burn Mechanism Faces Scrutiny
TL;DR: The XRPscan explorer records 14,403,762 XRP tokens destroyed since network inception through its burn mechanism. That tally of eliminated tokens represents 0.014% of the protocol’s fixed total supply of 100 billion units. The ledger’s base transaction fees remain at a fraction of a U.S. cent for every processed transaction. David Schwartz, Ripple CTO Emeritus, ...
coin-turk.com
BITRSS🚨 David Schwartz said fee income is not the correct performance metric for XRP Ledger. 💸 Transaction fees on the network do not go to validators, burning down supply and this creates a permanent bearish effect for $XRP. 📉 According to XRPScan data, 14,403,762 XRP have been burned since the network's inception. 🏦 Schwartz argued that low-cost transactions play a more important role in the use of payment and tokenization. Read more±nä±: David …
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