Ripple Explores Staking for XRP

Ripple executives are considering staking for XRP, a move that could transform its operations. Staking involves locking up crypto assets to secure networks and earn rewards, potentially boosting long-term participation and security. Currently, XRP burns transaction fees for deflation and efficiency. If staking is introduced, these fees could become rewards for stakers, requiring a fundamental restructuring of the ledgers design. Ripples CTO proposed two conceptual ideas for integrating staking, but both are complex and impractical in the near future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.