Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration
David «JoelKatz» Schwartz, the Chief Technology Officer at Ripple, has been actively engaging with the community regarding the integration of an Automated Market Maker (AMM) feature on the XRP Ledger (XRPL). Through a series of posts on the social media platform X (formerly known as Twitter), Schwartz highlighted the importance of community consensus before moving forward with this significant feature addition.
On 6th October 2023, Schwartz voiced his plan to review performance testing results and conduct code checks based on recent comments and concerns raised by the community. Through his post, he displayed a methodical approach, ensuring that all uncertainties are addressed before urging the validators to consider supporting the amendment. When probed by a community member about the communication channel with validators, Schwartz humorously mentioned that most of his arguments take place on Twitter.
The discussion primarily revolves around the integration of AMMs, which Schwartz describes as an intriguing part of decentralized finance (DeFi). The XRP Ledger, known for its speed, scalability, and suitability for various financial applications including cross-border payments, stands to benefit from this integration. AMMs are not merely about introducing a new trading engine; they also promise enhanced interaction with XRPL's decentralized exchange.
The new feature, introduced in the rippled version 1.12.0, also carries the potential clawback feature. The clawback feature, as explained by Schwartz in previous discussions, aims to protect developers from potential legal liabilities within the XRPL ecosystem.
Schwartz emphasizes the need for a majority consensus within the community before implementing the AMM feature.
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