According to CryptoPotato, Ripple’s Chief Technology Officer, David Schwartz, has shown his support for the proposed governance changes within the XRP Ledger Foundation (XRPLF). The move comes in response to a comprehensive proposal by XRP Ledger developer David Fuelling, aiming to enhance transparency and decentralization within the XRPL governance systems.
In a recent social media post, Schwartz commended Fuelling’s initiative and emphasized that any community member can contribute ideas and proposals without permission. He described the proposal as a starting point and opportunity for collaborative refinement and exploration. However, some people have expressed skepticism about the proposal, suggesting that it might be perceived as an attempt by Ripple to take control.
Fuelling’s proposal, released on Sunday, aims to enhance transparency and democracy in XRPL governance by decentralizing and making it member-driven. He advocates for increased stakeholder representation, allowing them to influence the XRPL community’s affairs formally. The proposal emphasizes formalized membership to encourage greater participation and stakeholder contributions in terms of time, money, and resources. The suggested changes introduce three membership classes: Individuals, Corporations, and Sustaining Members, each with specific eligibility criteria and associated fees. To ensure representation, the Board of Directors comprises a minimum of three Community Directors, one Corporate Director, and one Sustaining Director.
