Patrick.Xumm Profile picture
Applications Support Analyst @ XRPL Labs
Dec 6, 2021 4 tweets 2 min read
1/4

For those complaining about 'high' #XRP transaction fees.

@XummWallet does not take the fees. They are burnt.

If XRP was US$1 and the transaction fee permanently set to the 'medium' level of 15 Drops (00.000015 XRP), we can still do 66,666 transactions for a penny. 2/4

The base fee of 12 drops (a drop is one one-millionth of an XRP) allows for >83000 transactions for US$00.01.

The fee structure is intended to price out spammers, eventually making it too expensive for them to continue spamming the network.