XRP Ledger adds new controls for banks, stablecoins and tokenized funds
The upgrade lets account owners assign up to 10 revocable permissions, while officials warn not to use PaymentBurn until a separate fix gains support.
- On Thursday, The XRP Ledger enabled a new feature allowing account owners to delegate specific tasks to other accounts without sharing primary keys.
- Businesses often separate payment and compliance duties, yet keeping keys on connected computers creates security risks; Delegation allows authorized helpers to perform specific actions—up to 10 permissions each—without possessing master keys.
- The XRP Ledger amendments page warns against delegating the PaymentBurn granular permission until a separate fix activates, as using it could allow a delegate to create new tokens.
- With 27 of 35 validator votes on Friday, the fix for PaymentBurn needs 29 to start the 14-day countdown required for activation; two Batch-related amendments may activate later today.
- Developers are reviewing a bug where some servers drop validators from count totals after key rotations; a proposed patch on GitHub would track validators by permanent ID to ensure accurate vote measurement.
12 Articles
12 Articles
XRP Ledger (XRPL) has introduced a new authorization system that allows banks, stablecoin issuers, and tokenized fund managers to manage their accounts more securely and flexibly. The activated update, PermissionDelegationV1_1, allows institutional users to delegate the authority to perform specific transactions to different accounts while keeping the private keys of their main accounts offline. Thanks to the new system, institutions can delegat…
coin-turk.com
http://coinprofitnews.com🚨 XRP Ledger has activated the PermissionDelegationV1_1 update, which enables delegation of authority. 🔐 The new structure allows for limited transaction authorization by keeping the master keys of large accounts offline in the $XRP ecosystem. 🏦 The feature offers a wallet management model that complies with separation of duties requirements for banks and funds. 📌 The impact of the update will be seen more clearly as custodian service provid…
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