Difference between revisions of "Multi-Signature"
From CryptoWiki
m (1 revision imported) |
m |
||
| Line 1: | Line 1: | ||
Multisig, M-of-N, Multisig Output | * [https://decrypt.co/111493/why-synthetixs-kain-warwick-thinks-defi-governance-has-gotten-worse From] [[Decrypt (DCPT)|Decrypt]] (8-10-2022): | ||
''"A multi-sig [[wallet]] is a crypto wallet owned by multiple people. It could be three, five, or even ten. In order to move any of the money within that multi-sig wallet, you need majority consensus among its many owners. This type of wallet is what many large [[Decentralised Autonomous Organisation (DAO)|DAO]] treasuries use. You don’t want one person to have the ability to run off with a treasury’s funds—not very [[decentralized]]. Hence: multi-sig to limit the risk."'' | |||
* Multisig, M-of-N, Multisig Output | |||
* A [https://bitcoin.org/en/glossary/pubkey-script pubkey script] that provides n number of [[Public Key|pubkeys]] and requires the corresponding [https://bitcoin.org/en/glossary/signature-script signature script] provide m minimum number [https://bitcoin.org/en/glossary/signature signatures] corresponding to the provided pubkeys. | * A [https://bitcoin.org/en/glossary/pubkey-script pubkey script] that provides n number of [[Public Key|pubkeys]] and requires the corresponding [https://bitcoin.org/en/glossary/signature-script signature script] provide m minimum number [https://bitcoin.org/en/glossary/signature signatures] corresponding to the provided pubkeys. | ||
[[Category:Jargon/Various]] | [[Category:Jargon/Various]] | ||
Latest revision as of 06:09, 13 October 2022
"A multi-sig wallet is a crypto wallet owned by multiple people. It could be three, five, or even ten. In order to move any of the money within that multi-sig wallet, you need majority consensus among its many owners. This type of wallet is what many large DAO treasuries use. You don’t want one person to have the ability to run off with a treasury’s funds—not very decentralized. Hence: multi-sig to limit the risk."
- Multisig, M-of-N, Multisig Output
- A pubkey script that provides n number of pubkeys and requires the corresponding signature script provide m minimum number signatures corresponding to the provided pubkeys.
