Ripple CTO Reacts to Mysterious 410M XRP Transfer with Strange 20 XRP Gas Fee
The post Ripple CTO Reacts to Mysterious 410M XRP Transfer with Strange 20 XRP Gas Fee appeared on BitcoinEthereumNews.com. Ripple CTO suggests reasons for the unusual 20 XRP fee associated with a mysterious 410M XRP transaction that raised questions. A surprising and massive XRP transaction has sparked considerable curiosity among the XRP Army due to its unusual details. The development has prompted Ripple’s Chief Technology Officer David Schwartz to offer additional insights to unravel the details of the transactions. Specifically, pro-XRP crypto enthusiast Saul recently took to X to share his discovery while exploring XRP Scan, a prominent XRPL explorer. He claimed to have noticed the activation of an XRP address on Oct. 11. However, what raised his curiosity was the astonishing inflow of 410 million XRP into the newly created wallet alongside the associated fee. – Advertisement – In particular, the transfer of 410 million XRP valued at over $203 million featured an uncommon transaction fee of 20 XRP. This 20 XRP paid for gas raised eyebrows because the standard fee for XRP transactions is a mere 0.00001 XRP. As a result, Saul brought the issue to the attention of the XRP community. He directed his inquiry to Vet, a prominent XRP Ledger validator. “Is it normal for a payment like this to have a 20 XRP fee,” Saul asked. Vet responded that a 410 million XRP transaction should not have a 20 XRP fee. “It is an overkill,” he remarked. No definitely not! 20 xrp fee is overkill. — Vet
The post Ripple CTO Reacts to Mysterious 410M XRP Transfer with Strange 20 XRP Gas Fee appeared on BitcoinEthereumNews.com.
Ripple CTO suggests reasons for the unusual 20 XRP fee associated with a mysterious 410M XRP transaction that raised questions. A surprising and massive XRP transaction has sparked considerable curiosity among the XRP Army due to its unusual details. The development has prompted Ripple’s Chief Technology Officer David Schwartz to offer additional insights to unravel the details of the transactions. Specifically, pro-XRP crypto enthusiast Saul recently took to X to share his discovery while exploring XRP Scan, a prominent XRPL explorer. He claimed to have noticed the activation of an XRP address on Oct. 11. However, what raised his curiosity was the astonishing inflow of 410 million XRP into the newly created wallet alongside the associated fee. – Advertisement – In particular, the transfer of 410 million XRP valued at over $203 million featured an uncommon transaction fee of 20 XRP. This 20 XRP paid for gas raised eyebrows because the standard fee for XRP transactions is a mere 0.00001 XRP. As a result, Saul brought the issue to the attention of the XRP community. He directed his inquiry to Vet, a prominent XRP Ledger validator. “Is it normal for a payment like this to have a 20 XRP fee,” Saul asked. Vet responded that a 410 million XRP transaction should not have a 20 XRP fee. “It is an overkill,” he remarked. No definitely not! 20 xrp fee is overkill. — Vet
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