Multisignature Accounts On EOS: How Do They Work?

Written by Yannick | Published 2019/09/08
Tech Story Tags: eos | eosio | multisignature | multisignature-account-eos | multisignature-eos | multisignature-permission | cryptocurrency | latest-tech-stories

TLDR Multisignature EOS accounts require two or more keys to sign a transaction (requiring a certain permission) These accounts are generally used to store funds securely and are without a doubt a very exciting EOS feature. We will explain all aspects of multisignatures accounts on EOS in this article. A default EOS account has 2 native permissions: Owner and active permission. Active permission is used for transferring funds, voting for producers and making high-level account changes. Permissions can be seen as requirements which need to be fulfilled in order for a transaction to go through. Each permission has certain actions associated with it.via the TL;DR App

no story

Published by HackerNoon on 2019/09/08