XRP Ledger Aims to Fix Last Mile Problem with On-Chain Upgrade

The XRP Ledger is considering a major upgrade to its multi-signature transaction coordination system, which would eliminate the need for off-chain communication and centralized coordinators.

This 'On-Chain Cosigner' upgrade targets institutional use cases and aims to address the 'last mile' problem where signature collection can fail due to lost data or offline coordinators.

The current reliance on off-chain communication increases the risk of errors and security breaches, making it a significant hurdle for enterprise-level custody and transaction management on the XRP Ledger.

By enabling signers to approve transactions directly on-chain, the upgrade would enhance both security and efficiency for institutional users.