David Schwartz, Ripple’s Chief Technical Officer (CTO), has called for XRP Ledger (XRPL) validators to support the Automated Market Maker (AMM) feature, but only if there is consensus within the community. On X (formerly known as Twitter), Schwartz initiated a discussion on the XRPL’s AMM feature, referring to it as an intriguing DeFi innovation. The XRP Ledger is a decentralized blockchain-based ledger that powers the XRP cryptocurrency, known for its speed and scalability.In response to a community member’s question about the timeline for AMMs going 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. He emphasized that no validators should vote YES individually, and that the community should reach a consensus first, and then validators should overwhelmingly vote YES when they perceive that the community is in agreement and sufficient nodes endorse the adjustment.The introduction of the AMM feature occurred with the release of rippled version 1.12.0, which also brought the potential Clawback feature. This addition of AMM is not limited to the introduction of a new trading engine; it will also enable integration with the XRPL DEX.Schwartz is renowned for his informative articles and his commitment to championing decentralization. He recently dispelled misunderstandings concerning the Clawback feature, clarifying that its purpose is to safeguard developers from potential legal liabilities within the ecosystem. He consistently advocates for the advancement of the XRPL and is outspoken about his position.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | John Deaton, David Schwartz, JoelKatz |
| Companies | Automated Market Maker (AMM), SEC (Securities and Exchange Commission), Decentralized Finance (DeFi), XRPL DEX, John Deaton., XRP Ledger (XRPL), X (formerly known as Twitter), Ripple |
| Currencies | Bitcoin, Ethereum, US Dollar, Euro, XRP |
| Securities | None |
