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ETH $1,882.36 +0.23%
BNB $608.53 +0.39%
XRP $1.00 +1.13%
SOL $75.48 +0.51%
TRX $0.3311 -0.40%
DOGE $0.0698 -0.00%
ADA $0.1771 -1.06%
BCH $203.51 -0.14%
LINK $9.52 +6.53%
HYPE $56.85 +0.79%
AAVE $86.43 +1.13%
SUI $0.6788 +0.18%
XLM $0.1582 +0.92%
ZEC $487.76 -0.49%

Ripple CTO: Staking is about creating new value, while interest income is about the transfer of existing value

2024-12-25 17:09:14

ChainCatcher news, Ripple's Chief Technology Officer David Schwartz responded to the nature of staking in the crypto market on the X platform. He stated that the creation of new value is fundamentally different from 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, and they do not exist before you create them, which is different from someone transferring existing value to you."

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