Secure MultiSig for multiple coins (BTC, ETH, LTC...), convenient for institutions to store large amounts of digital assets
Support MultiSig for multiple coins
A MultiSig wallet refers to a wallet in which a plurality of people jointly manage a fund, in the form of 2-3, indicating that a total of three people jointly manage funds, and two of them can sign to agree to spend money. MultiSig is applicable to the scenario of multi-person decision-making capital expenditures. It is also applicable to family and friends to jointly manage a specific fund.
Support MultiSig for multiple coins. The newest version supports MultiSig for Bitcoin(BTC), Ethereum(ETH), Litecoin(LTC) and DigiByte(DGB).
MultiSig design follows common standards
BitBill's MultiSig is decentralized and does not depend on the Bitbill server. The security of MultiSig assets is completely controlled by each participant.
BTC MultiSig is implemented by standard P2SH. MultiSig addresses are generated in a specific order. Users can restore MultiSig wallets according to the steps in the technical standards, thus spending MultiSig, the whole process can be independent of BitBill.
ETH's MultiSig uses a lightweight smart contract method to eliminate the security problem that complex ETH smart contracts may bring. The corresponding contract code is open sourced at: https://github.com/bitbill.
MultiSig is easy to use
Getting started with MultiSig is very simple:
1. All participants create a MultiSig wallet.
2. The initiator creates a MultiSig name, coin type and mode, and invites other participants to join.
3. After all the participants join, the MultiSig address is generated, and the funds can be deposited.
4. Any party can initiate the spend of MultiSig, and other parties can approve (sign or reject), and the funds is spent if the minimum amount of signature is reached.