Ripple developers suggest revisions after recent approval of XRPL AMM
After the XLS-30D amendment was passed on January 31, which brought the Automated Market Maker (AMM) feature to the XRP Ledger (XRPL), Ripple’s development team has taken steps to address and propose necessary updates to improve this new functionality.
The need for these updates arose from a technical issue discovered during extensive integration tests. It was found that AMM transactions could experience delays if the trading fee is set below the minimum threshold of 0.01%. This particular problem could hinder the immediate execution of transactions within the same ledger cycle after the creation of an AMM, especially when trading fees are lower than the specified limit.
In response, the developers have outlined a series of enhancements that aim to accurately identify default fields by AMM inner objects. This strategic move aims to bypass the delays by ensuring that transactions can proceed smoothly without interruptions, thus enhancing the efficiency and reliability of the AMM. This measure is crucial for maintaining seamless operations across the AMM and ensuring optimal performance in all situations.
This push for technical improvements demonstrates Ripple’s ongoing commitment to enhancing the XRPL ecosystem, with a specific focus on ensuring that all features, including the AMM, function at their best.
This initiative comes after the AMM feature received significant support during the approval phase, achieving an 80% consensus among the decentralized Unique Node List (dUNL) validators. Out of 35 validators, 30 showed their support for the amendment, demonstrating the strong belief within the community and among key industry players in the potential benefits of the AMM. Notable endorsements came from prominent entities such as Ripple, Bithomp, and Alloy Networks, an XRPL validator.
With the technical updates scheduled for implementation on February 14, anticipation is growing within the XRPL community.
In the midst of Ripple’s ongoing efforts to enhance the XRP Ledger and its features, a major security incident involving Co-founder Chris Larsen has come to light.
Richard Teng, CEO of Binance, revealed on February 2 that the exchange had immediately frozen the address of a hacker who targeted Larsen’s personal wallet. Teng acknowledged the swift and effective cooperation between the Ripple team and blockchain analyst ZachXBT in responding to this cyber theft.
