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10 sats \ 4 replies \ @Skipper 19 Dec \ parent \ on: How to conceptualise multisig? bitcoin_beginners
Or, you could have a 2-of-2 or 3-of-3 with the same seedphrase on all sigs but with different passphrases, that way you only really need to store 1 seedphrase. If you use Taproot, the transaction will look like any other singlesig tx, which helps on privacy and fees
ok, so in this example, i have one seed hidden away, then say i want to move the bitcoin and i have a 2 of 3 going on.
when starting to transfer i would just have to enter in two of the passkey basically and then the funds move, is that essentially it?
will more wallets have multisig on taproot in the future, or is there another reason why it might not be viable or popular
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when starting to transfer i would just have to enter in two of the passkey basically and then the funds move, is that essentially it?
Correct.
will more wallets have multisig on taproot in the future, or is there another reason why it might not be viable or popular
Hopefully. I know Nunchuk does.
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