Ripple CTO Supports Governance Proposal for XRPL Foundation
Ripple’s chief technology officer, David Schwartz, has expressed his support for a new governance proposal for the XRPL Foundation. Schwartz believes that the proposed changes will improve transparency and inclusivity in the governance of the XRPL.
Community Involvement in Shaping the Proposal
Schwartz emphasized the importance of community involvement in shaping the proposal, which he referred to as a “straw man” and a preliminary concept. He encouraged every community member to contribute their ideas and opinions.
Enhancing Transparency and Democracy
The proposed amendments aim to create a more democratic framework for the XRPL Foundation’s governance. The goal is to encourage community engagement and ensure a transparent decision-making process.
Vision for Decentralization and Inclusivity
David Fuelling, who proposed the updates to the governance structure, aims to align with decentralization principles and create a more inclusive organization. His vision includes a defined membership model and sustainable funding methods.
Open Community Dialogue
Fuelling shared his proposal with XRPL Foundation leaders and developers before its public release, seeking open community dialogue. He invites collaborative refinement of the proposal to ensure it aligns with community values and objectives.
Hot Take: Striving for More Transparent and Inclusive Governance
Ripple’s CTO, David Schwartz, expresses his support for a new governance proposal for the XRPL Foundation. The proposal aims to enhance transparency, inclusivity, and community involvement in decision-making processes. By encouraging open dialogue and seeking collaborative refinement, the XRPL Foundation seeks to align with principles of decentralization and democratic organization. While concerns have been raised about potential implications, the goal remains to secure sustainable funding without compromising integrity. With the support of the community, the XRPL Foundation strives to create a more democratic and inclusive framework for governance.
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