What is Multisig Technology?

What is Multisig Technology?

We can think of Bitcoin like cash. If I have 100 Bitcoin, they’re all in a Bitcoin address, and that Bitcoin address has a corresponding private key. If I have that private key, I can spend that $100. But that is a lot of power to put in just one little string of letters and numbers. That if I lose, that if I have stolen from me, hacked, all the…

Cobo Vault Supports Multisignature for Ethereum

Cobo Vault Supports Multisignature for Ethereum

Hey guys! I’m very excited to tell you that Cobo Vault is the first in the industry to support ethereum multisignature.Today, we’ll discuss multisignature capabilities, its benefits, and application.So what exactly is multisignature?It’s a feature that requires more than one user to authorize a crypto transaction.The responsibility is divided amongst a specified number of users.Multisignature is mostly used to approve a transaction.Let me give you an example.Bob and Alice are…

Bitcoin addresses, which are the differences?

Bitcoin addresses, which are the differences?

so I get many questions about the differences betweenthe addresses in Bitcoin network. in fact I think that there is still a little bitof confusion and for this reason I decided to prepare this short video toexplain and point out the differences between them. okay so we start with payto public key hash. this is the legacy address, the addresses starting with 1. this isthe original address format which is…