Ripple chief technical officer (CTO), David Schwartz has advocated for XRP Ledger (XRPL) validators to support the automated market maker (AMM) feature, but only if there is consensus within the community.
On X (formerly known as Twitter), Ripple’s CTO initiated a discussion on the XRPL’s AMM feature. In his initial post, Schwartz referred to AMMs as the intriguing decentralized finance (DeFi) innovation gaining attention, sparking queries for more details.
The XRP Ledger is a decentralized blockchain-based ledger that powers the XRP cryptocurrency. known for its speed and scalability, making it suitable for various financial applications, including cross-border payments and remittances.
In response to a community member’s question about the timeline for AMMs going live on the XRPL after governance voting, Schwartz stated that if the majority supports the amendment, the changes could be implemented in as little as two weeks.
In general though, validators shouldn’t vote YES individually. The community should make a decision and then validators should nearly all vote YES when they believe the community is on board and enough nodes support the change.
The amendment voting process is intended to…
— David “JoelKatz” Schwartz (@JoelKatz) October 6,…
