News
Public · Published
XRP Ledger Multisig Could Be Getting a Major Upgrade A new ripple:native Ledger Standards proposal called On-Chain Cosigner aims to modernize multi-signature transactions. It was authored by Shawn Xie, Zhiyuan Wang, Chenna Keshava B S, and Mayukha Vadari. XRPL community member
The XRP Ledger community has introduced a new Ledger Standards proposal named On‑Chain Cosigner, which seeks to modernize how multi‑signature (multisig) transactions are handled on the network.
Published:
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What happened
The XRP Ledger community has introduced a new Ledger Standards proposal named On‑Chain Cosigner, which seeks to modernize how multi‑signature (multisig) transactions are handled on the network.
Confirmed
Global impact / market context
Modernizing multisig can make XRP transactions more secure and flexible, encouraging developers to build more complex applications on the ledger and potentially increasing usage of XRP for payments and smart‑contract‑like functions.
Analyst inference
The proposal arrives as blockchain platforms compete to offer advanced security features; a smoother multisig experience could position the XRP Ledger as a more attractive option for enterprises seeking reliable, low‑cost settlement solutions.
Analyst inference
What to watch
- Adoption of the On‑Chain Cosigner standard by wallets and exchanges, which would show practical uptake of the new multisig method. Proposed
- Feedback from the XRPL developer community during the proposal review period, indicating whether technical concerns might delay implementation. Proposed
- Any changes in XRP transaction volume or new business partnerships that cite the upgraded multisig capability as a driver. Analyst inference
Affected assets
- XRP — XRP