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Ripple’s Schwartz Slams Fee Metric as 100x XRP Fee Hike Is Floated

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: 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 […] Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Technical discussion on fee structure has no immediate market impact.

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Ripple’s Schwartz Slams Fee Metric as 100x XRP Fee Hike Is Floated — Crypto Insight