Let's talk about multisig wallets.
Bitcoin natively supports multisig at the transaction-script level. The two commonly used address formats are P2SH and P2WSH.
One thing many people overlook: multisig comes with the trade-off of more cumbersome operations. Every transfer requires collecting signatures, and executing a multisig contract on Ethereum also costs more Gas than a regular transfer.
Every signer on a multisig transaction must independently verify its details. Don't just sign because someone else has.
Back to the market: $BTC reports 83055.81, 24h +0.29%.
#BTC
Bitcoin natively supports multisig at the transaction-script level. The two commonly used address formats are P2SH and P2WSH.
One thing many people overlook: multisig comes with the trade-off of more cumbersome operations. Every transfer requires collecting signatures, and executing a multisig contract on Ethereum also costs more Gas than a regular transfer.
Every signer on a multisig transaction must independently verify its details. Don't just sign because someone else has.
Back to the market: $BTC reports 83055.81, 24h +0.29%.
#BTC