Assigning RegularKey
Assigning RegularKey

Assigning RegularKey

Assigning RegularKey

Intro

Assigning regular key for the first time, using master account.

Video

Topics covered

  • Why do we even need to set a regular key?
  • How to set a regular key for the first time.
  • Verifying if the set regular key works as expected.
  • Disabling master key, after assigning a regular key.
  • Revoking the disabled master key using regular key.
  • When the transaction fee can be set to 0 and when it can’t be set to 0.

References

Note

You can watch this video by changing the “playback speed” to 1.25

Click on the settings gear on the video player above → Choose Playback speed → Select 1.25 or whatever is good for you.

Update

The regular key pair need not even be an activated XRPL account. It’s used only for signing purpose, so having a valid secret key is enough. Being activated or not activated on XRP Ledger doesn’t even matter.

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Final tip: A regular key can sign all the transactions of the master account, except AccountSet transaction which disables the master key. Only master account can disable the master key. But a regular key can revoke the disabled master key and restore its ability to sign transactions.

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https://xrpl-labs.com

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