XRP Ledger Introduces Permission Delegation Feature for Enhanced Control
- The feature, named PermissionDelegationV1_1, began a 14-day activation countdown on September 21.
- 29 out of the network’s 35 trusted validators supported the amendment, requiring at least 28 to maintain support.
- If successful, the feature could go live on October 5 at 11:18 UTC, provided support remains above 80%.
- This upgrade allows accounts to delegate authority for specific tasks without sharing full control keys.
- Each main account can assign up to ten permissions to delegates, which can be modified or revoked later.
The PermissionDelegationV1_1 feature aims to enhance operational flexibility for accounts on the XRP Ledger by allowing differentiated roles in payment and compliance tasks. This could benefit entities like stablecoin issuers by enabling secure customer management while retaining key control offline.
With a potential launch date of October 5, this upgrade represents a significant step in improving account functionality within the XRP Ledger ecosystem as it seeks sustained validator support during its activation countdown. (Source)
