Ripple CTO is exploring native XRP staking
BlockBeats News, November 19, according to thestreet, Ripple CTO and one of the founding architects of XRP Ledger, David Schwartz, has proposed a new model involving staking that could fundamentally change the way this blockchain network operates. The discussion originated from a long post on X by Ripple Senior Director of Engineering J. Ayo Akinyele, exploring the possibility of adding staking functionality to the XRP Ledger.
XRP Ledger, which launched in 2012, uses the Proof-of-Association (PoA) consensus mechanism, where validators reach agreement on XRP transactions every 3-5 seconds. In contrast, blockchains like Ethereum (ETH) and Solana (SOL) use the Proof-of-Stake (PoS) consensus mechanism, where users must lock or stake crypto assets to gain the right to confirm transactions and secure the network, and can earn crypto rewards.
Akinyele stated that XRP has evolved from a fast remittance tool to a network supporting tokenized asset settlement and enabling real-time market liquidity. With the launch of the first spot XRP exchange-traded asset (ETF) in the United States, the XRP ecosystem has entered a new phase, which has prompted him and Schwartz to consider supporting native staking on the XRP Ledger.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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