- XRPL gets an additional security layer to the wallets of trusted accounts.
- The ExtendedSignerList amendment expands the signer list from 8 to 32 signers.
- Node operators must update to version 1.9.4, as the previous versions are blocked.
XRP Ledger (XRPL), a decentralized public blockchain built by the Ripple community, has implemented an additional security layer to the wallets of trusted accounts. The XRPL explorer analysis platform (XRPScan) announced the development yesterday, noting that the ‘ExtendedSignerList’ amendment was live on the mainnet.
The ExpandedSignerList amendment is now activated on the XRPL Mainnet: https://t.co/kG8F1dH4z2 pic.twitter.com/AMh23UiYqQ— XRPScan (@xrpscan) October 13, 2022
Wietse Wind, an XRPL Labs developer, confirmed in a tweet today that the implementation was live and practical via the XRPL-integrated XummWallet.
The ExtendedSignerList (ESL) amendment expanded the signer list from 8 to 32 signers, a four times increase from the previous limit to increase the security of wallets dependent on a signer list. Notably, the amendment went live after garnering over 80% of votes.
Contextually, a signer list on the XRPL is a list of trusted accounts with the right to sign transactions on behalf of an account collectively. If the signers pass the minimum quorum, any transaction signed becomes valid.
Wo Jake, an XRPL enthusiast, previously tweeted that an expanded signer list with 32 signers would allow wallets to be more decentralized, par with the number of signers. They also hinted that layer two projects like EvernodeXRPL and bridges are the biggest winners of this amendment.
An expanded signer list with 32 signers would allow wallets to be more 'decentralized', par to the amount of signers. Projects like @EvernodeXRPL, Federated Sidechains by @RippleXDev and bridges are the biggest winners of this amendment! FIN.— Wo Jake (@woj4ke) September 29, 2022
Additionally, a member of XRPL Labs wrote the amendment code and not the Ripple blockchain. After the live implementation, node operators must update to version 1.9.4, as the previous versions are blocked. Notably, the crypto community received the new feat with open hands, given that the new technology was independent of the parent blockchain, Ripple.
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