Ripple developer explores native XRP staking. Implementing the feature would require significant changes to the XRP Ledger. Staking is a key component of rival blockchains like Ethereum and Solana. What if the XRP Ledger supported native XRP staking? Ayo Akinyele, senior director of engineering at Ripple, asked on Tuesday in a new blog post that explores ways to expand the $128 billion XRP token’s utility. The XRP Ledger is a public blockchain launched in 2012 that uses the XRP token to pay for transactions. Introducing staking for XRP could help align incentives among the validators who run the network and token holders.
The real question isn’t how big the rewards might be, but how they’d fit into XRP’s network design, introducing staking would mean rethinking how value circulates through the system, and identifying a sustainable way to reward participation.
Staking is a key component of rival blockchains like Ethereum and Solana. Holders of these networks’ respective tokens can stake them to help process transactions and earn rewards. Unlike other blockchains, the XRP Ledger does not directly incentivise validators with monetary rewards. Instead, benefits like building trust among the community, reputation, and the ability to influence protocol evolution are the main motivations.