I've received many questions from people considering to set up a #Bitcoin multisig wallet but confused about the backup process, what should be backed up, and why.
🧵So here's a thread on backing up multisig wallets - what, why, and how.
Then on spending, you need to provide both the original script code which matches that hash, and satisfy any condition that the script may include.
The script is composed of the public key of your wallet and a few standard commands - and satisfying it requires the signature for that key, so both the script and signature can be constructed by having access to that one private key.
It's recommended that you keep it with each one of the cosigners/ seed backups so that you can recover regardless of the combination of signers you eventually use.
https://t.co/WAPJHlXtbK
This contains the individual devices keys list, as well as everything in an output descriptor format (and a bit of extra data like wallet name etc.)
1. You need this information to recover the wallet.
2. Anyone with access to this information can see your wallet history.
More from Crypto
We should be proud about @0xPolygon. But don't invest if you don't understand what they do just like any other asset class.
Should you invest in Polygon (Matic)?
— LearnApp (@LearnApp_co) June 12, 2021
\U0001f4a1 Here's @PrateekLearnapp's take on #Matic, as shared on @CNBCTV18News.
What are your thoughts on #Polygon (Matic)? \U0001f4ac
Read the full article here \U0001f449 https://t.co/rmLTV0WFo2#crypto #cryptocurrencies pic.twitter.com/9k1lclN7oL
You May Also Like
First update to https://t.co/lDdqjtKTZL since the challenge ended – Medium links!! Go add your Medium profile now 👀📝 (thanks @diannamallen for the suggestion 😁)
Just added Telegram links to https://t.co/lDdqjtKTZL too! Now you can provide a nice easy way for people to message you :)
Less than 1 hour since I started adding stuff to https://t.co/lDdqjtKTZL again, and profile pages are now responsive!!! 🥳 Check it out -> https://t.co/fVkEL4fu0L
Accounts page is now also responsive!! 📱✨
💪 I managed to make the whole site responsive in about an hour. On my roadmap I had it down as 4-5 hours!!! 🤘🤠🤘
Just added Telegram links to https://t.co/lDdqjtKTZL too! Now you can provide a nice easy way for people to message you :)
Less than 1 hour since I started adding stuff to https://t.co/lDdqjtKTZL again, and profile pages are now responsive!!! 🥳 Check it out -> https://t.co/fVkEL4fu0L
Accounts page is now also responsive!! 📱✨
💪 I managed to make the whole site responsive in about an hour. On my roadmap I had it down as 4-5 hours!!! 🤘🤠🤘