Ripple CTO Advocates for AMM Feature on XRP Ledger, Emphasizes Community Consensus

(Image credits: FX empire)

In a recent discussion on X (formerly Twitter), Ripple’s Chief Technology Officer, David Schwartz, has voiced his support for the implementation of an Automated Market Maker (AMM) feature on the XRP Ledger (XRPL). However, Schwartz made it clear that such a development should only proceed with unanimous consensus within the community.

The XRP Ledger stands as a decentralized blockchain with the native asset XRP, renowned for its exceptional speed and scalability. These qualities have made it a favored platform for a diverse range of financial applications, from cross-border payments to remittances.

AMMs, described by Schwartz as an intriguing facet of decentralized finance, have gained prominence in recent times. Responding to inquiries from the XRPL community regarding the timeline for the AMM’s activation post-governance voting, Schwartz expressed that with widespread support, these changes could be integrated in as little as two weeks.

Schwartz underscored the importance of a collective decision, clarifying that, to the best of his knowledge, no validators currently endorse the vote. The introduction of the AMM feature coincided with the release of rippled version 1.12.0, a milestone that also brought forth the potential clawback feature. Beyond introducing a new trading engine, the addition of an AMM would enable seamless integration with the XRPL decentralized exchange.

Despite the substantial implications of this enhancement, Schwartz cautioned against individual validator votes in favor of these modifications. He insisted that the community should first reach a consensus, and only then should validators decisively vote in favor when they ascertain that the community is in agreement and an ample number of nodes support the adjustment.

Beyond his pivotal role at Ripple, David Schwartz is widely recognized for his educational articles and unwavering dedication to championing the cause of decentralization. His advocacy for community-driven decision-making reflects the core values of the blockchain space, emphasizing collaboration and inclusivity in shaping the future of XRPL.

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