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 […]
Key Takeaways
- 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 […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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