Ripple Considers Staking on XRPL to Enhance Security & DeFi Engagement

Ripple is exploring the possibility of implementing staking on the XRP Ledger (XRPL) as a way to bolster security and foster long-term user engagement within its growing decentralized finance ecosystem. The company believes that staking could provide a competitive edge, particularly for cross-border payments and corporate treasury solutions. Ripple is currently investigating various staking models, including two theoretical approaches: 1) a two-layer consensus mechanism with an incentivized inner layer of validators; and 2) the preservation of the existing consensus system while incorporating zero-knowledge proof verification for enhanced security. The company acknowledges the potential complexities associated with these implementations but is keen on exploring their feasibility without compromising the network’s efficiency or affordability in value transfers. This move aligns with Ripple’s broader efforts to strengthen its position within DeFi and diversify its utility across various financial applications.