XRP Ledger Nears Upgrade for Limited Account Access

2 weeks ago 9

Rommie Analytics

PermissionDelegationV1_1 is designed for organizations that process transactions frequently but do not want keys capable of controlling an entire account inside everyday operational systems.

A stablecoin issuer may need one system to approve customer trust lines, another to process payments and a more protected setup to manage account security. The amendment would allow those duties to be divided among separate XRPL accounts. Its “bank-style” element is the separation of responsibilities; it does not indicate regulatory approval or confirmed adoption by a bank.

Role Assigned authority Authority withheld
Treasury Submit approved payments Changing keys or appointing delegates
Compliance Authorize eligible trust lines Sending payments or changing security
Administrator Create or revoke delegation Routine transaction processing

A compromised delegate could still be abused within its assigned role. The attacker would not automatically receive every power held by the main account, red...

Read Entire Article