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Ripple CTO: Staking belongs to the creation of new value, while interest income pertains to the transfer of existing value.

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ForesightNews
424Words
Dec 25, 2024

According to Foresight News, Ripple's Chief Technology Officer David Schwartz responded to the nature of staking in the crypto market on the X platform, stating that there is a fundamental difference between the creation of new value and the transfer of existing value. Staking belongs to the former, while interest income belongs to the latter. David Schwartz explained, "You are not earning staking rewards; you are creating rewards. They do not exist before you create them, which is different from someone transferring existing value to you."

According to Foresight News, Ripple's Chief Technology Officer David Schwartz responded to the nature of staking in the crypto market on the X platform, stating that there is a fundamental difference between the creation of new value and the transfer of existing value. Staking belongs to the former, while interest income belongs to the latter. David Schwartz explained, "You are not earning staking rewards; you are creating rewards. They do not exist before you create them, which is different from someone transferring existing value to you."

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