Best rates on Ripple Ledger 💰🥳
In an open discussion on platform X, Ripple CTO David Schwartz proposed two key improvements to the XRP Ledger’s (XRPL) transaction fee system, aiming to enhance fairness and efficiency. The debate was sparked by growing comparisons between XRPL and Ethereum’s gas model, especially regarding excessive fee payments.
🔹 Schwartz emphasized his support for a flat fee structure while still prioritizing transactions based on users' maximum willing fee.
🔹 He noted: “Everyone is overpaying. That’s not ideal.”
🛠️ Schwartz’s Two Main Proposals:
Dynamic Post-Consensus Fee Calculation:
The system would calculate the minimum fee needed after transaction consensus.
Excess payments would be refunded, encouraging honest bidding and aligning incentives more fairly.
Median Fee Reimbursement System:
Refund users the difference between the median accepted fee and what they paid.
Easier to implement, but still may lead to overpayment if users bid their max upfront.
Both proposals focus on improving user experience while preserving XRPL’s high performance standards.
🔄 XRPL vs Ethereum Fee Models
📌 Schwartz’s ideas emerged during a broader community debate comparing EVM’s gas refund mechanism with Hooks’ worst-case fee model used in XRPL.
EVM (Ethereum): Users get refunded for unused gas.
XRPL Hooks: Charge based on the worst-case scenario — no refunds.
🪙 Currently, XRPL charges a fixed base fee of 0.00001 XRP (10 drops), burned regardless of actual need. This reduces token supply but leads to unavoidable overpayment.
XRPL validator VET suggested a more efficient refund system, which Schwartz then developed into his two proposals.
🚀 Looking Ahead
These discussions arrive ahead of XRPL’s expected v2.5.0 upgrade in June. Recent innovations, such as Batch (XLS-56) and the launch of XRPTurbo (the first AI-powered launchpad on XRPL), reflect growing momentum and user-focused development on the network.
