Ripple News: David Schwartz Says XRP Was Built To Let You Be Your Own Bank, Not Somebody Else’s
Photo: Coinpedia
David Schwartz, chief architect of the XRP Ledger and Ripple’s CTO Emeritus, has firmly rejected one of the XRP community’s most requested features. Schwartz said he is “not a big believer” in native staking, and his explanation goes to the heart of why XRP is not a security. At Ripple Swell, Schwartz said there are many reasons native staking is a bad fit for the XRP Ledger, but the biggest is simple: where would the yield come from? His answer reaches back to the long debate over XRP’s legal status. He argued: “Staking is like, that’s how companies work.
Source: Coinpedia
