1
0
mirror of https://github.com/bitcoinbook/bitcoinbook synced 2024-12-23 07:08:13 +00:00

ch11: fix multisig explanation

This commit is contained in:
rating89us 2021-02-16 16:41:01 +01:00 committed by GitHub
parent e3695afbf6
commit 57dba437c5
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23

View File

@ -65,7 +65,7 @@ Would you carry your entire net worth in cash in your wallet? Most people would
==== Multisig and Governance
((("multisig addresses")))((("addresses", "multisig addresses")))Whenever a company or individual stores large amounts of bitcoin, they should consider using a multisignature bitcoin address. Multisignature addresses secure funds by requiring more than one signature to make a payment. The signing keys should be stored in a number of different locations and under the control of different people. In a corporate environment, for example, the keys should be generated independently and held by several company executives, to ensure no single person can compromise the funds. Multisignature addresses can also offer redundancy, where a single person holds several keys that are stored in different locations.
((("multisig addresses")))((("addresses", "multisig addresses")))Whenever a company or individual stores large amounts of bitcoin, they should consider using a multisignature bitcoin address. Multisignature addresses secure funds by requiring a minimum number of signatures to make a payment. The signing keys should be stored in a number of different locations and under the control of different people. In a corporate environment, for example, the keys should be generated independently and held by several company executives, to ensure no single person can compromise the funds. Multisignature addresses can also offer redundancy, where a single person holds several keys that are stored in different locations.
==== Survivability