Ripple's JoelKatz is positive about the new XRPL AMM Engine
AMM is a type of trading engine that has become the key underlying feature of decentralized exchanges. While it was pioneered by Uniswap , there are tons of innovative new features that have been added to the protocol to make it more functional.
That AMMs is now resident on XRPL is a move toward enhancing its push toward embracing true diversity in the fast-growing Web3.0 ecosystem.By its design, XRPL is being branded as a one-stop shop for everyone in the Ripple and XRP ecosystem. As the ecosystem's, XRPL is being pushed to support high performance decentralized finance applications as well as non-fungible Tokens .
While these allowances will enable it to compete with other mainstream smart contract hubs in the industry, the AMM outfit will further give XRPL a competitive edge based on its design. XRPL's AMM is designed to be secured by the Federated Consensus model, which helps avoid gas wars as it is associated with networks run by validators.
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