MultiSigning: The Concept
MultiSigning: The Concept

MultiSigning: The Concept

MultiSigning: The Concept

Intro

Complete theoretical explanation of Multi-signing in XRP Ledger.

Video

Topics covered

  • Why we need Multi-signing?
  • What is multi-signing?
  • Advantages of multi-signing.
  • XRP Ledger requirements for Multi-signing.

References

Note

  1. You can watch this video by changing the “playback speed” to 1.25
  2. Click on the settings gear on the video player above → Choose Playback speed → Select 1.25 or whatever is good for you.

  3. You can only create a SignerList if the combined weights of individual signers is greater than or equal to SignerQuoram.
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Final tip: Multi-signing is usually used by accounts with lot of funds. Ex: When you withdraw funds from your exchange just copy the transaction ID and check for the details on any explorer. More often than not, it’ll be signed by multiple accounts. That’s because, it’s an exchange account and it holds a lot of funds.
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