David

<a target="_blank" href="https://tokeninsight.com/en/coins/ripple/overview">Ripple‘s</a> Chief Technology Officer, David Schwartz, has called on validators within the XRP Ledger community to consider adopting an automated market maker (AMM) feature. However, he emphasizes that this adoption should only occur if a consensus is reached within the community. In a recent discussion on the social media platform X (formerly Twitter), Schwartz highlighted the potential benefits of integrating AMMs into the XRPL.
In early 2022, Ripple proposed a novel AMM design for the XRP Ledger. It has subsequently been implemented on a devnet, with a mainnet launch being contingent upon governance approval. Unlike traditional AMMs, such as those on Ethereum, it integrates directly into the XRP ledger itself as a core primitive.
This AMM is a protocol-native AMM, which means that liquidity is shared at a blockchain level, and it is easy for developers to integrate AMM functionality into their projects, removing pain points such as liquidity bootstrapping.
<img src="https://s2.tokeninsight.com/static/calendar/img20231009100239dc4801c9-9004-4bc3-b37a-9f7ba25b626f.jpg">
Stay updated with the most important <a target="_blank" href="https://tokeninsight.com/en/news">cryptocurrency news</a> and valuable insights, conveniently delivered to your email every day. <a rel="noopener noreferrer nofollow" target="_blank" href="https://mailchi.mp/tokeninsight/newsletter">Subscribe to the TokenInsight mailing list now!</a>
Prefer social media? Follow us on <a rel="noopener noreferrer nofollow" target="_blank" href="https://twitter.com/tokeninsight">Twitter</a>, or subscribe to our <a rel="noopener noreferrer nofollow" target="_blank" href="https://t.me/TokenInsightchannel">Telegram channel!</a>
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at <a href="mailto:news@tokeninsight.com">news@tokeninsight.com</a>

Ripple CTO Seeks Community Consensus for $XRP's Protocol Native AMM

TokenInsight

Other articles published on Oct 9, 2023

OpenSea Faces New Allegations: Former Employee Linked to $60 Million Scandal

Current DOGE Comments: Will Dogecoin Rise?

WedNewsDay! It is about Neal Stephenson’s blockchain project!

HTX Hacker Returns Stolen Funds to Huobi’s Global Exchange

Rapid Evolution in Labor Market: AI Skills and Collaborative Leadership in High Demand

Base Blockchain by Coinbase Witnesses 25% TVL Surge

Join our free newsletter for daily crypto updates!