Ripple chief technology officer David Schwartz advocates for integrating an automated market maker (AMM) feature with the XRP Ledger (XRPL) to enable the creation of decentralized exchanges (DEXs) on the XRPL. 

Schwartz described AMMs as a fascinating aspect of decentralized finance in a post on social media. However, implementing this feature should only proceed with the consensus of the XRPL community, he explained.

The XRPL operates as a decentralized blockchain network, facilitating efficient and secure transactions for the XRP cryptocurrency.

Unlike conventional systems, XRPL employs the Ripple Protocol Consensus Algorithm (RPCA) for consensus, ensuring quick transaction processing and scalability.

It provides a practical foundation for developing decentralized applications (dApps), while the AMM is a decentralized exchange solution that relies on a mathematical formula to establish asset prices. This formula considers the supply and demand of the assets involved, adjusting prices accordingly.

When asked about the timeline for AMMs becoming active on XRPL after governance voting by a community member, Schwartz respon

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Author: Ogwu Osaemezu Emmanuel

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