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Ripple CTO seeks community consensus for XRPL AMM feature adoption – Cointelegraph

Ripple Chief Technology Officer David Schwartz has proposed that the XRP Ledger (XRPL) validator support automated market maker (AMM) functionality, but only if there is consensus within the community. .

Schwartz on X (formerly Twitter) Discussed AMM functionality for XRPL. In his first post, Schwartz mentioned his AMM as an interesting part of decentralized finance.

XRP Ledger is a decentralized blockchain that uses XRP (XRP) as its native asset. It is known for its speed and scalability and is suitable for various financial applications such as cross-border payments and remittances.

In response to a community member question about the timeline for AMM going live on XRPL after the governance vote, Schwartz said the changes could be implemented in as little as two weeks if a majority supports the amendment.

Schwartz further elaborated on the importance of a majority vote, stressing that to his knowledge no validators currently support this vote. AMM functionality was introduced with the release of Ripple version 1.12.0, along with potential clawback functionality. The addition of AMM is not limited to the introduction of new trading engines. It also enables integration with the XRPL decentralized exchange.

Despite the importance of this feature, Schwartz advised validators not to vote on their own to promote these changes. Instead, he said, “the community should first come to a consensus, and then, if the community agrees and recognizes that enough nodes support the adjustment, validators should vote overwhelmingly in favor.” I emphasized.

In addition to his prominent role at Ripple, Schwartz is also known for his informative articles and efforts in championing decentralization.

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Recently he wiped away Misconceptions about the clawback feature. It is often considered an intrusion to XRPL users. He clarified that this feature is aimed at protecting developers from potential legal liability within the ecosystem.

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