The XRP community may have reason to be excited, as a Ripple Engineer announces that the ecosystem could soon undergo a transformative development. J. Ayo Akinyele, Head of Engineering at RippleX, has shared insights into the next evolution of XRP, suggesting that the crypto network might explore native staking. While the details of the new development are still under discussion, the announcement points to significant innovation aimed at enhancing XRP’s role in institutional finance and asset settlement.
Ripple Eyes Native Staking As Next Step For XRP
In a recent thread on X, Akinyele described how XRP has grown and changed over time. First, it started as a fast and efficient payment network, but it has evolved into a platform capable of handling tokenized assets and providing real-time liquidity.
According to the RippleX Engineer, the launch of Canary’s first XRP Spot ETF represents a key milestone in institutional adoption, highlighting the growing acceptance of XRP within traditional financial markets. He also stated that the XRP ecosystem is clearly entering a new phase of growth, particularly as institutions embrace digital products such as tokenized treasuries and Money Market Funds (MMFs).
Akinyele noted that all of these significant developments have led him and Ripple’s Chief Technology Officer (CTO), David Schwartz, to mentally explore and discuss the potential support of native staking on the XRP Ledger (XRPL) in the future and what it could look like in practice. The Ripple Engineer noted that, unlike many blockchain networks that rely on staking to incentivize validators, XRP operates differently.
He explained that, on the XRP network, transaction fees are burned rather than redistributed, and validators retain equal voting power regardless of the amount of XRP they hold. This unique approach prioritizes network stability and trust over rewards. He also highlighted that XRP is designed to settle any asset quickly, efficiently, and at a low cost. Building on this foundation, Akinyele explores how native staking could be introduced to complement this existing model.
Challenges And Considerations In Introducing Native Staking
While the concept of native staking for XRP is intriguing, Akinyele emphasized that its implementation would require careful planning and consideration. He noted that any staking mechanism would need a clear source of rewards and a method to distribute them fairly across the XRP network. According to him, these changes could fundamentally alter how value flows within the XRP Ledger.
Notably, Akinyele has emphasized that the idea of a native staking is still being explored and discussed. Currently, the primary focus is to assess how this feature can shape the future of XRP, evaluating which aspects of the ecosystem can evolve and which should remain constant. The Ripple Engineer has invited the community to share their thoughts as they consider how native staking might affect XRP’s design and value flow.
Featured image from Peakpx, chart from Tradingview.com
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