- Ripple CTO David Schwartz proposes XRP Ledger (XRPL) to include an automated market maker (AMM) feature.
- Schwartz emphasizes the necessity of community consensus before introducing this transformative feature to the XRP Ledger.
- The recent rippled version 1.12.0 paves the way for AMM, also hinting at a potential clawback feature.
In a recent discourse on X, David Schwartz, Ripple’s Chief Technology Officer, spotlighted the prospects of incorporating an automated market maker (AMM) within the XRP Ledger (XRPL). Schwartz, known for his profound insights, described AMMs as captivating facets of decentralized finance, potentially propelling the XRPL to newer horizons.
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Currently renowned for its unparalleled speed and adaptability, the XRP Ledger has continually redefined cross-border transactions and remittances. If the community rallies behind the AMM proposition, Schwartz envisages a rapid transformation, with implementation feasible within a fortnight.
However, for this vision to materialize, a collective consensus is pivotal. Despite the allure of AMM, highlighted in the rippled version 1.12.0 release, Schwartz is clear: the community’s nod is paramount. Only with overwhelming agreement should validators proceed to embed this innovation into XRPL’s decentralized exchange framework.
As Ripple’s visionary, Schwartz remains steadfast in his commitment to decentralization, championing community-driven advancements.
Ripple and XRP continue to shape the future of crypto, with advancements like AMM hinting at an ever-evolving, inclusive financial landscape.
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