Application Scenarios for Bitcoin Multisignature Technology
0. A Brief Introduction to Multisignature Technology Generally speaking, one Bitcoin address corresponds to one private key, and to spend the funds in that address, the holder of the private key must initiate a signature. Multisignature technology, simply put, means that multiple private-key signatures are required for a transaction to be valid. For example, a certain sum of funds corresponds to 3 private keys, and at least any 2 of them must participate in the signing process for the funds to be spent; if only 1 private key signs, it is invalid. This 2/3 arrangement can be extended to any m/n, such as 3/3, 1/5, 6/11, and so on,…
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