Maker

David

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David Schwartz has postulated that swift <a rel="noopener noreferrer nofollow" title="implement" href="https://thebittimes.com/tag/implement.html">implement</a>ation of these changes could occur within a mere fortnight, contingent upon receiving overwhelming support for the proposed amendment.
The Chief Technology Officer of Ripple, David Schwartz, has passionately advocated for the backing of an Automated Market Maker (AMM) feature within the XRP Ledger (XRPL) validators’ community consensus. However, this endorsement hinges solely on the collective agreement of the XRPL community.
Taking to X (formerly known as Twitter), Schwartz delved into the intricacies of XRPL’s AMM feature. In his initial post, Schwartz alluded to AMMs as an enthralling facet of decentralized finance.
The XRP Ledger stands as a decentralized blockchain, with XRP serving as its native digital asset. It has gained acclaim for its swiftness and scalability, rendering it highly suitable for diverse financial applications, including cross-border payments and remittances.
In response to a community member’s inquiry regarding the timeframe for the activation of AMMs following a governance vote, Schwartz asserted that, should the majority rally behind the amendment, the alterations could be implemented within a mere fortnight.
Expanding on the significance of a majority consensus, Schwartz underscored that, to the best of his knowledge, no validators currently lend their endorsement to the vote. The introduction of the AMM feature coincided with the release of rippled version 1.12.0, which also brought forth the potential for a clawback feature. The integration of an AMM extends beyond the introduction of a novel trading engine; it also facilitates seamless integration with the XRPL decentralized exchange.
Despite the profound significance attached to this <a rel="noopener noreferrer nofollow" title="feature" href="https://thebittimes.com/tag/feature.html">feature</a>, Schwartz offered guidance to validators, urging them against autonomous voting to advocate for these alterations. Instead, he underscored the need for the <a rel="noopener noreferrer nofollow" title="community" href="https://thebittimes.com/tag/community.html">community</a> to achieve a consensus first, with validators subsequently casting an overwhelming “YES” vote when they perceive a unified <a rel="noopener noreferrer nofollow" title="community" href="https://thebittimes.com/tag/community.html">community</a> stance, backed by sufficient node endorsements.
In addition to his prominent role at <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a>, Schwartz is celebrated for his informative articles and his unwavering commitment to championing the cause of decentralization. Recently, he dispelled misconceptions surrounding the clawback <a rel="noopener noreferrer nofollow" title="feature" href="https://thebittimes.com/tag/feature.html">feature</a>, frequently misconstrued as an intrusion on <a rel="noopener noreferrer nofollow" title="XRPL" href="https://thebittimes.com/tag/xrpl.html">XRPL</a> users. He clarified that the <a rel="noopener noreferrer nofollow" title="feature" href="https://thebittimes.com/tag/feature.html">feature</a>’s primary objective is to shield developers from potential legal entanglements within the ecosystem.
The post Ripple CTO looks for community agreement to implement XRPL AMM features. appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-cto-looks-for-community-agreement-to-implement-xrpl-amm-features-tbt65589.html">https://thebittimes.com/ripple-cto-looks-for-community-agreement-to-implement-xrpl-amm-features-tbt65589.html</a>

Ripple CTO looks for community agreement to implement XRPL AMM features.

TheBitTimes

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