PANews reported on November 19th that, according to The Street, Ripple CTO and one of the founding architects of XRP Ledger, David Schwartz, proposed a new staking model that could revolutionize how the blockchain network operates. This discussion stemmed from a tweet by Ripple Senior Engineering Director J. Ayo Akinyele, who explored the possibility of adding staking functionality to XRP Ledger.
Akinyele stated that XRP has evolved from its initial role as a fast remittance tool into a network supporting the settlement of tokenized assets and enabling real-time market liquidity. With the launch of the first spot XRP ETF in the US, the XRP ecosystem has entered a new phase, prompting him and Schwartz to consider supporting native staking on the XRP Ledger. He added that allowing staking raises issues regarding value circulation and sustainable participation rewards. He proposed one approach: channeling programmable transaction fees into a rewards pool. Akinyele cautioned that financial reward systems, including incentives and penalties, can subtly reshape the governance landscape.
