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ETH $2,485.09 -0.02%
BNB $752.32 +1.82%
XRP $1.42 +1.62%
SOL $103.37 -0.33%
TRX $0.3389 +1.42%
DOGE $0.0900 -0.56%
ADA $0.2198 -0.14%
BCH $258.58 +0.36%
LINK $12.53 -1.56%
HYPE $85.02 -0.08%
AAVE $128.87 -2.26%
SUI $0.8110 -0.65%
XLM $0.1879 -2.73%
ZEC $1,180.18 +3.95%

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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