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Ripple's Chief Technology Officer is exploring native XRP staking.

On November 19, according to TheStreet, Ripple's Chief Technology Officer (CTO) and one of the founding architects of the XRP Ledger, David Schwartz, proposed a new model involving staking that could fundamentally change the way the blockchain network operates. This discussion originated from a lengthy tweet posted by Ripple's Senior Engineering Director, J. Ayo Akinyele, exploring the possibility of adding staking functionality to the XRP Ledger. The XRP Ledger was launched in 2012, using the Proof-of-Association (PoA) consensus mechanism, where validators reach consensus on XRP transactions every 3-5 seconds. In contrast, blockchains like Ethereum (ETH) and Solana (SOL) use the Proof-of-Stake (PoS) consensus mechanism, requiring users to lock or stake encrypted assets to qualify for confirming transactions and securing the network, while also earning encryption rewards. Akinyele stated that XRP has evolved from a fast remittance tool to a network supporting tokenization of asset settlement and achieving real-time market liquidity. With the launch of the first spot XRP exchange-traded asset (ETF) in the U.S., the XRP ecosystem has entered a new phase, prompting him and Schwartz to consider supporting native staking on the XRP Ledger.

XRP-7.12%
ETH-6.52%
SOL-5.61%
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