A new proposal called « On-Chain Cosigner » has been submitted to the XRPL Standards repository to modernize multisignature transactions on the XRP Ledger. It would allow signers to coordinate and collect approvals directly on-chain, eliminating the need for external communication channels and centralized coordinators. The authors, Shawn Xie, Zhiyuan Wang, Chenna Keshava B S and Mayukha Vadari, state that this upgrade addresses the « last mile » problem of the current implementation, where transactions must be created and distributed manually. The proposal targets institutional and enterprise use cases and would complement other advanced XRPL capabilities, including Batch transactions (XLS-56) and sponsored fees.
Source: Read the original article
