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xrpl-dev-portal/content/snippets/issuing-and-operational-addresses-intro.md
Rome Reginelli 11b13d9664 Make issuing/operational address intro into a snippet (#185) 
* Issuing / Operational Addresses snippet

* issuing/operational addresses - minor rewording

* issuing/operational addresses - better parallel structure in explaining positive/negative
2016-05-17 15:41:42 -07:00

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In the Ripple Consensus Ledger, financial institutions typically use multiple Ripple addresses to minimize the risk associated with a compromised secret key. Ripple strongly recommends the following separation of roles:

  • One issuing address, also known as a "cold wallet." This address is the hub of the financial institution's accounting relationships in the ledger, but sends as few transactions as possible.
  • One or more operational addresses, also known as "hot wallets." Automated, internet-connected systems use the secret keys to these addresses to conduct day-to-day business like transfers to customers and partners.
  • Optional standby addresses, also known as "warm wallets." Trusted human operators use these addresses to transfer money to the operational addresses.