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XRP News: Ripple Leaders Outline New Changes Coming to the XRP Ledger
In a recent update, Ripple leaders have outlined new changes coming to the XRP Ledger. This move marks a significant shift towards long-term upgrades for the network as DeFi growth pushes programmability forward.
Ripple CTO David Schwartz and researcher J. Ayo Akinyele emphasized the importance of balancing innovation with simplicity, fairness, and efficiency in their comments on the proposed updates.
The changes being explored include introducing native staking to the XRPL. Staking would enable users to lock XRP to support network functions and earn rewards. However, this move raises significant design challenges as it requires creating a reward system, rethinking how fees flow through the network, and ensuring rewards remain fair and sustainable without slowing down the system.
Schwartz acknowledged that his views on governance have evolved as XRP’s role in DeFi grows. He emphasized that now is the right time to explore how the XRPL can expand carefully and responsibly.
The community has responded to these proposed changes with mixed reactions, expressing both interest in new features and concerns about the potential impact of staking on the network’s performance and stability.
While some users argue that staking might not be compatible with the XRPL’s design, others have praised the innovative ideas presented by Schwartz and Akinyele.
Source: coinpedia.org
