At GateHub, we specialize in cutting-edge payment and cryptocurrency technologies, with a deep focus on the XRP Ledger. Today, we’re excited to share a groundbreaking update that enhances user control over their accounts.
Key Update: Deletable Accounts on the XRP Ledger
Previously, activated XRP Ledger accounts couldn’t be deleted, locking the 20 XRP base reserve permanently. As of May 2020, users can now delete accounts, reclaiming a portion of the reserve.
How It Works
- Consensus-Driven Upgrade: The XRP Ledger evolves through community consensus, requiring 80% validator approval for amendments.
- Recoverable Reserves: Deleting an account releases XRP (minus transaction fees) to a specified address.
- Conditions: Accounts must have no active trust lines or open orders.
"The amendment process empowers the community to coordinate upgrades with minimal disruption."
— David Schwartz, Ripple CTO
For technical details, explore the XRP Ledger amendments.
Practical Implications
For Users
- Reclaim XRP: Recover part of the base reserve (e.g., from 35 XRP, 30 can be withdrawn after fees).
- Leaner Ledger: Reduces bloat by removing inactive accounts.
For Developers
- New Transaction Type:
DeleteAccountspecifies a recipient address for remaining funds. - Security: A 5 XRP transaction fee discouragers misuse.
👉 Learn more about XRP Ledger innovations
GateHub’s Implementation
We’re integrating this feature carefully to ensure stability. Follow our Twitter and Facebook for updates.
FAQ
Q: Can I reopen a deleted account?
A: Yes, by funding it again with 20 XRP.
Q: What happens to trust lines when deleting an account?
A: All trust lines must be cleared beforehand.
Q: Is the 20 XRP reserve fully recoverable?
A: No, transaction fees deduct ~5 XRP.
This update marks a significant step toward a more flexible and efficient XRP Ledger. Stay tuned for further enhancements!