XRP Ledger Races to Shut Its Own Token-Minting Back Door
Photo: Coindoo
Key Takeaways Delegation went live on Mainnet on October 8. Only the PaymentBurn permission carries the minting risk. 33 of 35 trusted validators back the fix. The flaw cannot create new XRP. The official XRPL documentation advises account holders not to delegate the PaymentBurn permission until an amendment called fixCleanup3_4_0 is enabled on the network. What a Burn-Only Delegate Was Meant to Do Permission delegation lets an account hand specific jobs to a second account, which signs with its own keys.
Source: Coindoo
