what_is_multisig
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| Typically a Bitcoin transaction is signed with a single key. One key to authorize moving Bitcoin from one address to another. This functionality is not sufficient for some use cases. The simplest example would be a 2-of-2 multi-sig, if this kind of contract is setup, you will have to supply 2 keys to allow the network to move your Bitcoin. | Typically a Bitcoin transaction is signed with a single key. One key to authorize moving Bitcoin from one address to another. This functionality is not sufficient for some use cases. The simplest example would be a 2-of-2 multi-sig, if this kind of contract is setup, you will have to supply 2 keys to allow the network to move your Bitcoin. | ||
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| A typical example of how this would be useful is a 2-of-3. One the creation of the contract you would supply 3 keys, any transactions would require 2 of them to be supplied. So, we can imagine the " | A typical example of how this would be useful is a 2-of-3. One the creation of the contract you would supply 3 keys, any transactions would require 2 of them to be supplied. So, we can imagine the " | ||
what_is_multisig.txt ยท Last modified: 2024/05/06 20:53 by 114.119.154.215
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