By Ted Late Unfortunately, on-chain staking of XRP is not possible, as its parent blockchain, XRP Ledger, does not use the Proof of Stake (PoS) consensus mechanism but instead relies on a unique consensus mechanism called XRP Ledger Consensus Protocol (XRP-LCL), which does not require validators to stake their coins. Instead, validators are selected randomly […]
Tag: APY
By Emma Avon The world of digital money continues to evolve at a rapid pace. The total crypto market cap has climbed back above the trillion-dollar mark, and digital-first financial services such as Revolut, N26, and crypto-enabled payment tools have become mainstream across Europe. As users demand faster, easier, and more convenient money apps, Brighty […]
By Peter Wind Cryptocurrency staking is the process of temporarily locking up your coins to strengthen the security of a cryptocurrency network and earn additional coins in return. Staking is incorporated by blockchains that utilize a Proof-of-Stake consensus algorithm, which is the most popular type of consensus algorithm in use today. Crypto staking is generally […]