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ETH $1,561.33 -6.07%
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XLM $0.1990 +5.21%
ZEC $359.43 +17.51%

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

2024-12-25 17:09:14
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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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