Ripple CTO Advocates for XRPL Validators to Support AMM Feature
Ripple’s Chief Technical Officer (CTO), David Schwartz, has called for validators on the XRP Ledger (XRPL) to back the automated market maker (AMM) feature. However, Schwartz emphasizes that this support should only be given if there is consensus within the community.
Discussion on XRPL’s AMM Feature
Schwartz initiated a discussion on Twitter about the XRPL’s AMM feature, which he referred to as an intriguing decentralized finance (DeFi) innovation. The introduction of AMMs has generated curiosity among the community, prompting requests for more information.
The XRP Ledger and its Applications
The XRP Ledger is a decentralized blockchain-based ledger that powers the XRP cryptocurrency. It is known for its speed and scalability, making it suitable for various financial applications such as cross-border payments and remittances.
Timeline for Implementing AMMs
In response to a question about when AMMs will go live on the XRPL after governance voting, Schwartz stated that if the majority supports the amendment, the changes could be implemented in as little as two weeks.
Importance of Consensus
Schwartz emphasized that validators should not vote YES individually but instead wait for the community to reach a consensus. Once there is agreement within the community and sufficient nodes endorse the change, validators should overwhelmingly vote YES.
AMM Feature with rippled Version 1.12.0
The introduction of the AMM feature came with the release of rippled version 1.12.0, which also introduced the potential Clawback feature. The addition of AMMs not only brings a new trading engine but also enables integration with the XRPL DEX.
Schwartz’s Stance on Voting
Schwartz advised validators against voting independently for these modifications. He emphasized the need for consensus within the community before validators should vote YES.
David Schwartz’s Commitment to Decentralization
In addition to his role within Ripple, David Schwartz is known for his informative articles and commitment to championing decentralization. He has been actively clarifying misunderstandings and advocating for the advancement of the XRPL.
Hot Take: Ripple CTO Urges XRPL Validators to Support AMM Feature with Community Consensus
Ripple’s CTO, David Schwartz, has called on validators of the XRP Ledger (XRPL) to support the automated market maker (AMM) feature. However, he emphasizes that this support should only be given if there is consensus within the community. Schwartz believes that validators should not vote individually but rather wait for a community consensus before overwhelmingly voting YES. This approach ensures that there is widespread agreement and sufficient endorsement from nodes before implementing changes. With his commitment to decentralization and advocacy for the advancement of XRPL, Schwartz continues to play a prominent role in shaping the future of Ripple’s ecosystem.
By
By
By
By
By
By