- Ripple’s CTO, David Schwartz, advocates for the integration of an Automated Market Maker (AMM) on the XRP Ledger, contingent on community consensus.
- Implementation could occur in a mere two weeks if majority voting supports the AMM feature.
According to a recent Cointelegraph post, emphasized by a tweet from Collin Brown, the blockchain community is abuzz with Ripple’s innovative move towards introducing an AMM feature on the XRP Ledger (XRPL). The central figure in this transformative approach is David Schwartz, Ripple’s CTO.
🚀 XRP Update! 🌐
Schwartz, Ripple CTO:
🗳️ AMM on XRPL in 2 weeks if most validators say yes!
🤝 Community-driven decisions.
🔄 AMM = automated swap, trade, liquidity.
🤔 'Clawback' debate ongoing.
— Collin Brown (@CollinBrownXRP) October 8, 2023
Schwartz is not merely pitching a new feature. He sees AMMs as a captivating facet of decentralized finance (DeFi). Despite the technical allure of AMMs, Schwartz has been clear that the XRPL validators should only integrate this feature if there’s a resounding consensus within the community.
The Importance of Community Consensus
Responding to inquiries about the timeline for the AMM’s live introduction on the XRPL, Schwartz revealed that with substantial support during governance voting, the AMM feature could be operational in just two weeks. Nevertheless, he highlighted that, to his knowledge, no validators are currently backing this addition. Schwartz’s emphasis is clear: the broader Ripple community must first reach a unanimous decision, and only then should validators cast their votes in favor.
Enhancing XRPL’s Technical Capabilities
With the roll-out of the rippled version 1.12.0, the XRPL witnessed the proposal to incorporate the AMM feature, a move that can elevate its decentralized exchange capabilities. But Schwartz’s advocacy for this feature comes with a note of caution. He firmly believes that validators shouldn’t act independently when championing these modifications. Instead, the pulse of the community should guide their actions, ensuring that the majority is in favor before moving forward.
Schwartz’s consistent emphasis on collective governance underscores his dedication to upholding the decentralized spirit of the XRPL. At a time when some blockchain platforms are hastily pushing updates without comprehensive stakeholder input, Ripple’s measured approach, prioritizing community consensus, sets a precedent. The AMM feature, though technically impressive, will only see the light of day if the community’s heartbeat resonates with its implementation.