On October 8, XRP Ledger activated the PermissionDelegationV1_1 feature, allowing account owners to authorize other accounts to perform specific tasks without relinquishing control of the account's master key. According to the monitoring site XRPL Dashboard, such upgrades require over 80% support from trusted validators for two consecutive weeks; with the current count of 35 validators, at least 29 must support it. The countdown for this feature was reset in September due to a drop in support below the threshold. This feature enables enterprises to split permissions by function. Stablecoin issuers can authorize compliance accounts to approve new customers while keeping the master key offline. Authorized accounts use their own keys to sign transactions and can only perform the granted operations, with owners able to change or revoke these permissions at any time. Each authorized account can receive up to 10 permissions, which limit the types of operations they can execute rather than automatically setting spending caps. Banks have previously separated payment and compliance responsibilities at the employee level, and this upgrade enforces such division at the ledger level. According to a report shared by XRP Treasury company Evernorth with CoinDesk, the network held an average of $3.72 billion in tokenized assets and $539 million in Ripple's RLUSD stablecoin in the second quarter, totaling approximately $4.26 billion. Official guidelines recommend that users do not delegate PaymentBurn permissions before fixing activation separately; this permission is intended for assistants to destroy tokens but can also allow the creation of new tokens under certain conditions, with this warning applying to tokens issued on the ledger rather than newly minted XRP.
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