Following the passage of the XLS-30D amendment, which introduced the Automated Market Maker (AMM) feature to the I did. .
The need for this update arose due to technical complexities discovered during thorough integration testing. It has been shown that AMM transactions can be delayed if transaction fees are set below the minimum threshold of 0.01%. This particular issue can prevent immediate execution of transactions within the same ledger cycle after AMM creation, especially if transaction fees are lower than the stated limit.
In response, the developers outlined a series of enhancements designed to enable accurate identification of underlying fields by AMM internal objects. This strategic move is aimed at ensuring that transactions proceed smoothly without interruption, thereby avoiding delays and thereby enhancing the efficiency and reliability of AMMs. These measures are important to maintain smooth operations across the AMM and ensure it operates optimally in all circumstances.
This push for technological improvements reflects Ripple’s ongoing commitment to enhancing the XRPL ecosystem, with a focus on ensuring all features, including AMM, are operating at their best.
This initiative follows on from the AMM function. We are receiving tremendous support. In the approval phase, 80% consensus was achieved among Decentralized Unique Node List (dUNL) validators. 30 out of 35 validators supported the amendment, demonstrating strong belief among the community and key industry players in the potential benefits of AMM. Notable support has come from high-profile entities such as Ripple, Bithomp, and XRPL validator Alloy Networks.
Excitement within the XRPL community is growing due to the technical update scheduled to be implemented on February 14th.
Amid Ripple’s ongoing efforts to improve the XRP Ledger and its features, a major security incident involving co-founder Chris Larsen has come to light.
Binance CEO Richard Teng shared on February 2nd that the exchange immediately froze the address of the hacker who targeted Larsen’s personal wallet on X. Teng credited the quick and effective collaboration between the Ripple team and blockchain analyst ZachXBT to respond to these cyber thefts.