Ripple CTO Addresses XRPL AMM Vote Amid Community Queries

Ripple CTO David Schwartz addresses XRP community concerns on AMM protocol amidst validator disagreements.
Ripple CTO David Schwartz Dismisses Lawsuit Against CharacterAI

Ripple CTO David Schwartz has stepped forward to address the growing curiosity and concerns within the XRP community regarding the Automated Market Maker (AMM) protocol proposed for the XRP Ledger’s decentralized exchange. This move comes amidst a complex voting process marked by disagreements among XRPL validators.

Advertisement
Advertisement

Clarifying the AMM Protocol and Its Implications

Schwartz’s intervention primarily focused on explaining the intricacies and potential impact of the AMM protocol. He emphasized that, unlike traditional transaction generators, AMMs provide liquidity through user-initiated OfferCreate and Payment transactions.

This clarity came in response to community members who raised pivotal points about the protocol, such as ensuring XRP’s inclusion in every new Smart AMM, accepting deposits from accounts with valid DID codes, and integrating AI and Oracle functionalities.

The discussion around the AMM protocol also highlighted concerns from a validator regarding network stability and the online_delete bug. Schwartz, known for his problem-solving approach, suggested a straightforward solution to the online_delete issue and proposed experimenting with dynamic self-tuning to enhance efficiency. This proactive stance indicates Ripple’s commitment to addressing technical challenges head-on.

Advertisement
Advertisement

Ripple CTO’s Perspective on Blockchain Evolution

Additionally, Schwartz’s recent comments on the XRPL fork Xahau have shed light on his view of blockchain evolution. He compares the situation to the early days of Bitcoin and Ethereum, illustrating how newer blockchains, though more minor, can bring agility and innovation to the sector.

Schwartz believes in a collaborative approach where new and old chains can coexist and contribute to the overall growth of the blockchain ecosystem.

Coinciding with these developments, the XRP market experienced significant movement. A massive transfer of 196.4 million XRP tokens, valued at approximately $101.5 million, from the European exchange Bitvavo to an unknown address has caught the community’s attention.

This transaction, followed by a quick recovery of XRP prices above the $0.5 mark, has sparked discussions about potential market impacts and the future trajectory of the digital asset.

Read Also: XRP Price Prediction Backs Fresh Rebound Eyeing $1 With $0.5 Support Holding Firmly

Advertisement
Kelvin Munene Murithi
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.