This shows you the differences between two versions of the page.
Both sides previous revision Previous revision Next revision | Previous revision | ||
what_is_multisig [2024/05/06 16:38] 114.119.136.3 old revision restored (2024/03/21 17:04) |
what_is_multisig [2024/05/19 08:35] (current) 114.119.156.225 old revision restored (2023/11/13 19:49) |
||
---|---|---|---|
Line 3: | Line 3: | ||
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. |