Ripple's CTO is exploring native XRP staking functionality.
TL;DR
Ripple's CTO has proposed a native staking model for XRP Ledger, which currently uses PoA consensus. Key challenges include sourcing staking rewards and ensuring fair distribution.
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According to Foresight News , citing Thestreet, Ripple CTO David Schwartz has proposed a new staking model. This discussion stems from a lengthy post on the X platform by Ripple Senior Engineering Director J. Ayo Akinyele, exploring the possibility of adding staking functionality to the XRP Ledger. Currently, the XRP Ledger uses a Proof-of-Authority (PoA) consensus mechanism, where validators agree on XRP transactions every 3-5 seconds, while blockchains like Ethereum and Solana use a Proof-of-Stake (PoS) protocol. Akinyele stated that with the launch of the first XRP spot exchange-traded fund in the US, the ecosystem is entering a new phase. Introducing native staking requires addressing two major issues: the source of staking rewards and a fair distribution method.