RippleX has opened an important conversation in the XRP community, as its engineering team considers how native staking could eventually work on the XRP Ledger.
Notably, the XRPL has operated for more than a decade, yet it still trails other networks in DeFi because of its underlying technology. For instance, the ledger uses a Proof-of-Authority model instead of the Proof-of-Stake approach that powers most modern DeFi platforms.
RippleX Exploring Native XRP Staking on XRPL
As a result, the XRPL does not support staking, and the system burns transaction fees rather than distributing them to validators. Now, RippleX engineers want to examine if staking can fit within the XRPL’s design.
According to Akinyele, this change triggered conversations between him and Ripple CTO David Schwartz about whether the XRPL could one day support native staking and what the system would require to achieve this.
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RippleX Explores to Include Native XRP Staking on XRPL
RippleX has opened an important conversation in the XRP community, as its engineering team considers how native staking could eventually work on the XRP Ledger.
Notably, the XRPL has operated for more than a decade, yet it still trails other networks in DeFi because of its underlying technology. For instance, the ledger uses a Proof-of-Authority model instead of the Proof-of-Stake approach that powers most modern DeFi platforms.
RippleX Exploring Native XRP Staking on XRPL
As a result, the XRPL does not support staking, and the system burns transaction fees rather than distributing them to validators. Now, RippleX engineers want to examine if staking can fit within the XRPL’s design.
According to Akinyele, this change triggered conversations between him and Ripple CTO David Schwartz about whether the XRPL could one day support native staking and what the system would require to achieve this.