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what_is_multisig [2024/05/06 19:36] 114.119.139.167 old revision restored (2023/09/27 10:25) |
what_is_multisig [2024/05/06 20:53] 114.119.154.215 old revision restored (2023/09/21 11:54) |
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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. | ||
- | A typical example of how this would be useful is a 2-of-3. | + | A typical example of how this would be useful is a 2-of-3. |