MultiSigning: The Concept
MultiSigning: The Concept

MultiSigning: The Concept

Setting things up

Installing Node and VS Code EditorInstalling Node and VS Code EditorInstalling "XRPL JS TS Demo" and DependenciesInstalling "XRPL JS TS Demo" and Dependencies

XRP Ledger accounts

Learning More About XRP Ledger AccountLearning More About XRP Ledger AccountGenerating XRPL AccountGenerating XRPL AccountDerive r-address From SecretDerive r-address From SecretBrief Overview of The XRP LedgerBrief Overview of The XRP Ledger

First XRPL interaction

Activate Existing XRPL Account on Test NetworkActivate Existing XRPL Account on Test NetworkConnecting and Interacting with XRP Ledger: account_infoConnecting and Interacting with XRP Ledger: account_infoInteracting with XRP Ledger using JSON-RPCInteracting with XRP Ledger using JSON-RPCError Handling and Best PracticesError Handling and Best PracticesBasics of XRP and Issued CurrencyBasics of XRP and Issued CurrencySigning Payment TransactionSigning Payment TransactionAssignment SolutionAssignment SolutionVerifying SignatureVerifying SignatureSubmit Transaction Signature To XRP LedgerSubmit Transaction Signature To XRP LedgerSubscription MethodsSubscription MethodsSubscription Methods To Build Responsive AppSubscription Methods To Build Responsive AppTransaction VerificationTransaction VerificationBalance DetailBalance DetailTransaction CostTransaction CostMeasures to Avoid Ledger SpammingMeasures to Avoid Ledger SpammingSource And Destination TagsSource And Destination TagsAccountSet Transaction: Domain, GravatarAccountSet Transaction: Domain, GravatarAccountSet Transaction: SetFlag, ClearFlagAccountSet Transaction: SetFlag, ClearFlagDeposit AuthorizationDeposit Authorization

Tokens, transactions

Issuing Token on XRPLIssuing Token on XRPLToken(IOU): Payment TransactionToken(IOU): Payment TransactionCommands To Fetch TrustLine InformationCommands To Fetch TrustLine InformationFreeze a TrustLineFreeze a TrustLineIssuer: Transfer FeesIssuer: Transfer FeesMore about TrustLineMore about TrustLineCurrency Code In Hex FormatCurrency Code In Hex FormatRemoving a TrustLineRemoving a TrustLineRequire authorization FlagRequire authorization Flag

Ledger features

AccountDelete TransactionAccountDelete TransactionTickets: TheoryTickets: TheoryTicketCreate TransactionTicketCreate TransactionDelete Ticket ObjectDelete Ticket Object

SetRegularKey

SetRegularKey: The ConceptSetRegularKey: The ConceptAssigning RegularKeyAssigning RegularKeyChange RegularKeyChange RegularKeyRemove RegularKeyRemove RegularKeyBlackhole An AccountBlackhole An Account

MultiSigning

MultiSigning: The ConceptMultiSigning: The ConceptCreate SignerListCreate SignerListReplace SignerListReplace SignerListMulti-signed Payment TransactionMulti-signed Payment TransactionRemoving SignerListRemoving SignerList

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

  • Multi-Signing
  • SignerListSet
  • ExpandedSignerList

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.

  2. 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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Blackhole an Account

Next →

Create SignerList

  • MultiSigning: The Concept
  • Intro
  • Video
  • Topics covered
  • References
  • Note
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