Ripple Chief Technology Officer (CTO), David Schwartz, is urging XRP Ledger (XRPL) validators to rally behind the adoption of an automated market maker (AMM) feature. However, Schwartz underscores that this move should only proceed with unanimous community consensus.
On X (formerly Twitter), Schwartz initiated a conversation about the XRPL’s AMM feature. In his opening statement, he highlighted the intriguing nature of AMMs in decentralized finance.
The XRP Ledger: Speed, Scalability, and Financial Applications
The XRP Ledger is a decentralized blockchain with XRP as its native asset. Additionally, it is celebrated for its speed and scalability. Its versatility further extends to various financial applications, including cross-border payments and remittances.
Addressing a community query about the post-governance voting timeline for AMMs on the XRPL, Schwartz expressed that, with majority support, these changes could be implemented in as little as two weeks.
Significance of Community Consensus: No Current Validator Endorsement
Expanding on the importance of a majority vote, Schwartz clarified that, to the best of his knowledge, no validators currently endorse the vote. The AMM feature, introduced with the release of rippled version 1.12.0, also brought forth the potential clawback feature. Beyond introducing a new trading engine, the AMM feature facilitates integration with the XRPL decentralized exchange.
Despite the feature’s significance, Schwartz cautioned validators against independent voting. Instead, he stressed the need for the community to reach a consensus first. Validators should then overwhelmingly vote YES when they perceive that the community is in agreement, and sufficient nodes endorse the adjustment.
Schwartz’s Stance: Championing Decentralization and Clarity
Beyond his role at Ripple, Schwartz is known for his informative articles and commitment to championing decentralization. Recently, he clarified misconceptions about the clawback feature, positioning it as a safeguard for developers against potential legal liabilities within the XRPL ecosystem.
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