This type of transaction includes the fields listed as follows.
Each field is responsible for performing a certain function: AccountSet: This transaction is used to modify the attributes of an account in the Ripple consensus ledger.
A Complete Guide to Understanding This Blockchain Concept
SetRegularKey: This is used to change or set the transaction signing key for an account.
An account is identified using a base-58 Ripple address derived from the account’s master public key.
SignerListSet: This can be used to create a set of signers for use in multisignature transactions.
TrustSet: This is used to create or modify a trust line between accounts.
A transaction in Ripple is composed of various fields that are common to all transaction types.
These fields are listed as follows with a description: Account: This is the address of the initiator of the transaction.
Why This Matters for Blockchain Technology
AccountTxnID: This is an optional field which contains the hash of another transaction.
Flags: This is an optional field specifying the flags for the transaction.
LastLedgerSequence: This is the highest sequence number of the ledger in which the transaction can appear.
SourceTag: This represents either sender or reason of the transaction.
Key Points to Remember
- Account and security-related This type of transaction includes the fields listed as follows.
- Each field is responsible for performing a certain function: AccountSet: This transaction is used to modify the attributes of an account in the Ripple consensus ledger.
- SetRegularKey: This is used to change or set the transaction signing key for an account.
- An account is identified using a base-58 Ripple address derived from the account’s master public key.
Going Deeper: Advanced Concepts
TxnSignature: This is the verification digital signature for the transaction.
Conclusion
Account and security-related represents one of the many innovative layers that make blockchain technology so powerful and transformative. As distributed systems continue to evolve, a solid understanding of these core concepts becomes increasingly valuable — not just for developers, but for anyone building, investing in, or working alongside blockchain-powered systems.
Whether you are just starting your blockchain journey or deepening existing expertise, mastering these fundamentals gives you the tools to think clearly about decentralized systems and make smarter decisions in this rapidly evolving space.