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ETH $1,881.10 +0.04%
BNB $607.16 +0.01%
XRP $1.00 +0.31%
SOL $75.27 -0.06%
TRX $0.3309 -0.43%
DOGE $0.0695 -0.74%
ADA $0.1761 -2.12%
BCH $203.48 -0.59%
LINK $9.46 +5.37%
HYPE $56.89 +0.76%
AAVE $86.09 -0.36%
SUI $0.6763 -0.81%
XLM $0.1578 -0.10%
ZEC $487.45 -1.18%

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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