A Brief History of the XRP Ledger
The XRP Ledger (XRPL) stands out as a pioneering blockchain with remarkable features:
- Eco-Friendly: Minimal carbon footprint.
- Rapid Transactions: Settles in ~4 seconds.
- Low-Cost: Fees average 0.000015 XRP (~67K transactions per 1 XRP).
- Versatile: Supports 8,000+ currencies, NFTs, escrows, multi-signing, and a decentralized exchange (DEX).
- Decentralized: Operated by a global community of validators.
To maintain network integrity, the XRPL introduced reserves to:
- Deter spam.
- Mitigate DDoS attacks.
- Optimize ledger efficiency.
👉 Learn more about XRPL’s architecture
Types of XRPL Reserves
1. Base Reserve
- Purpose: Activates an XRPL account.
- Amount: 10 XRP (non-spendable).
- Recovery: Only possible via account deletion.
Historical Context:
- Initially 1,000 XRP, reduced to 200 → 20 → 10 XRP via validator consensus.
2. Owner Reserves
- Purpose: Covers account-owned objects.
- Amount: 2 XRP per object.
Objects Requiring Reserves:
| Object Type | Example |
|---------------------------|--------------------------|
| Escrows | Time-locked payments |
| DEX Offers | Open trade orders |
| Trust Lines | Token holdings |
| NFTokenPages | Pre-XLS-20 NFTs |
Recovery: Free reserves by removing the object (e.g., closing a trust line).
FAQs About XRPL Reserves
❓ Are reserves imposed by Xumm?
No. Reserves are a ledger-level feature, unrelated to Xumm.
❓ Where is the reserved XRP stored?
In your own account, marked as unspendable by the XRPL.
❓ How do I view reserves in Xumm?
- Navigate to the main page.
Tap Explain to see:
- Total balance.
- Spendable XRP.
- Reserve breakdown (e.g., 10 XRP base + 8 XRP for 4 NFTs).
❓ What’s the "Other" reserve in Xumm?
It typically refers to NFTokenPages (2 XRP per page). To recover:
- Clear all NFTs on the page (via minting platform instructions).
❓ Can I recover the base reserve?
Yes, by deleting your account:
- Cost: 2 XRP (ledger fee) + transaction fee.
- Guide: Xumm Account Deletion.
Key Takeaways
- Reserves ensure XRPL security and efficiency.
- 10 XRP base reserve is permanent unless account is deleted.
- Owner reserves (2 XRP/object) are refundable upon object removal.
For deeper insights, explore:
### SEO Keywords:
1. XRP Ledger Reserves
2. XRPL Base Reserve
3. Owner Reserves
4. Xumm Wallet
5. NFTokenPages
6. XRPL Account Deletion
7. Decentralized Exchange (DEX)