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ripple cto proposing new staking model?! introducing governance token system to prevent centralization risks 🤯📉 exciting innovation in contrast to x
ripple cto’s two-tier consensus model for XRPL staking introduces a novel governance token system to mitigate centralization risks and promote decentralization: this
David Schwartz introduced a two-tiered staking model for the XRP Ledger to offer rewards while avoiding centralization. The proposal aims to distribute control over staked funds to validators and implement penalties for misconduct. To prevent collusion and centralization risks, a new governance token system would be introduced, enabling holders to manage the validator list collectively. This innovative approach contrasts with XRP’s market struggles, as its price faced a 10% decrease recently despite the introduction of XRP spot ETFs in the US. 🔄📊
Ripple CTO Proposes Two-Tier Consensus to Secure XRPL Staking
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