XRP Ledger has reduced the basic reserve requirement from 10 XRP to 1 XRP to lower the adoption threshold for users

According to Cointelegraph, blockchain data shows that XRP Ledger has reduced its basic reserve requirement from 10 XRP to only 1 XRP on December 3rd. This allows new users to recharge their wallets with less cryptocurrency, potentially lowering the threshold for user adoption. At the same time, this also allows users to spend a portion of XRP that they originally had to hold as reserves. The reserve change occurred at 6:45 am Beijing time today. This news was announced by the XRP validator operator using the pseudonym Vet on the X platform. Meanwhile, the owner's reserve has also been reduced from 2 XRP to 0.2 XRP. This means that users only need to reserve 0.2 XRP for each object held in their account. According to the XRP Ledger file, objects can include NFTs, trust lines, signer lists, or owner directories. Some oracle machines are also considered objects and require owners to reserve them.