XRPScan introduces a new feature allowing users to view the onchain base transaction fee on the XRP Ledger.
As XRP enters 2024, it showcases resilience in the market with the liquidation of short positions exceeding long positions.
The XRP Ledger (XRPL) is gearing up enhance its transparency with a new feature introduced by the leading explorer service, XRPScan.
In response to a comment from Dr. J. Scott Branson, an Advisor to the XRPLF, XRPScan announced that users of the explorer can now access onchain information about the base transaction fee. Dr. Branson emphasized the very low base transaction fee on the XRP Ledger, considering the overhead needed for transaction processing and storing XRP transactions on the chain.
Dr. Branson argued that the high transaction volume on the XRP Ledger is evidence that many users are capitalizing on the network’s cost-effective transactions compared to its counterparts. The XRPL is designed to facilitate large-scale transactions, par

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