Recent calls for incentives for XRP Ledger (XRPL) validators have been met with mixed opinions by the crypto community. One suggestion has been to allocate a portion of XRPL's transaction fees to provide rewards to validators. Proponents view the competition created by such a dynamic as a net positive, while opponents of the proposal feel the funds should be derived elsewhere. Ripple's CTO, David Schwartz, voiced his opinion that validators would compete with each other for the biggest slice of the transaction fees, making the results either positive or negative depending on the outcome. In conclusion, further discussion is needed to determine if this model could become a long-term solution to instability and security on the XRP Ledger.
Scarlett Wilson
- 2023-04-19
Allocating a Portion of XRPL's Transaction Fees for Validator Incentives
Ripple's CTO, David Schwartz, has voiced his opinion on the proposal to allocate a portion of XRPL's transaction fees to provide rewards to validators. Proponents view the competition created by such a dynamic as a net positive, while opponents of the proposal feel the funds should be derived elsewhere.
