We plan to release Litecoin Core 0.13rc in about one week. After that, we will further test it for one or two weeks and then release the final version. We are going to include quite many features in this release as mentioned in the Litecoin Core roadmap https://litecoincore.org/. Beside that, we will have the following changes.
Litecoin Core 0.13 will not use BIP9 for SegWit. BIP9 breaks merge mining of altcoins like dogecoin and requires those altcoins to hard fork to be mergemined with Litecoin again. We choose not to use BIP9 for SegWit because we believe other altcoins are also part of the cryptocurrency ecosystem and breaking them is not consistent with our moral values. Instead, we will use the traditional IsSuperMajority method to activate and enforce SegWit, i.e. once 75% consensus of miners is reached, SegWit gets activated but is optional, and if 95% consensus is reached, SegWit will be required.
The current multisig addresses have a prefix "3", which can sometimes be confused with Bitcoin's multisig addresses. To solve this issue, we will support a new prefix "M", while the prefix "3" will still be supported to ensure absolute backward compatibility.
The replace by fee (RBF) feature will not be enabled for Litecoin at this moment for the reason that the Litecoin network is still very efficient. We may enable it a bit later.
Hi guys, Just need some advise, I made a transaction online using multisig with electrum, and the online vendor has issued me a refund, so I got a transaction ID which I was able to verify on coinb.in When I use coinb.in to verify the transaction it is showing me an old refund BTC address that I no longer have access to on electrum, is it possible to change this? New to the whole multisig Would be greatful for any information
Hi all, I am offering 3,000 ETH for 0.0035 BTC each that's (~$1). That's 10.5BTC for 3,000 ETH. I deposit 1BTC (~10%) of the BTC amount to bitrated.com escrow using multisig as a guarantee of delivery after the thawing phase is over. Steps are like this: 1. You contatc me either by PM or post here and we choose an escrow that suits both of us. I prefer one of the top 5 agents with the highest rating on bitrated.com here is the list: https://www.bitrated.com/agents 2. After we choose the agent. We make a contract with everything written here in the notes + your Ethereum address. Then a Bitcoin multisig address is created from 3 private keys. You have one, I have one and escrow has one. To unlock the fund's 2of3 keys are needed. I transfer 1BTC to the escrow address. 3. You check on blockchain and see that I have made the insurance deposit. Then you make your deposit. 4. After the thawing phase is over and transaction can be sent over the network I commit to sending the ether to your ethereum address up to 48 hours. Probably much sooner if it not falls on weekend. 5. After the ether arrived in your ethereum address you release the bitcoin to me and the deal is done. Now, If I don't deliver the ether as promised you get your BTC + my 1BTC insurance to your address by opening a dispute to escrow on bitrated.com. For more infor on how escrow works watch the clip on bitrated.com main page. About the process and how the multisig is used, it's really not a big deal look on FAQ at Trades and Payment section: https://www.bitrated.com/faq There are also screen shots you can see about how it's done. It's possible to get less than 3k eth if you want. If you are interested please write here or PM me. Thanks.
Gold is one of the world’s most precious metals, one often stored in large vaults to ensure its security. Many cryptocurrency users have often drawn parallels between Bitcoin and Gold, going on to term it a Store of Value [SoV]. Despite its stagnated price, however, many of its users are holding on to the digital […]
I believe litecoin and bitcoin multisig addresses follow the same format. If you construct a litecoin MS, but then use that address on the bitcoin network, would you be able to spend from the MS? I assume you could only do it with a raw transaction. Would bitcoin have any issue with the public keys used to spend from that address? I ask because I recall some feature upgrade that was going to validate pubkeys as valid ECDSA keys to limit data key spam technique that creates "bloat"
I was wondering if is possible to spend funds from my multi-sig address in Electrum. I have legacy private key and my cosigner also has legacy private key and we have funds on 2of2 address derived from ours public key which begins with number 3. If anyone knows good reliable program that can do this preferable with gui interface. So far I found I can do this in https://coinb.in but looks like this program is no maintained anymore I am little afraid to use it.
I was wondering if is possible to spend funds from my multi-sig address in Electrum. I have legacy private key and my cosigner also has legacy private key and we have funds on 2of2 address derived from ours public key which begins with number 3. Problem is in Electrum I can not find option ( in multisig menu) to import single key only master public or private key (xpub or xpriv). Functionality to import single prv key exist in "stadard wallet" but not in "Multi-signature wallet" Maybe I am missing something or it is doable only console mode ?? Or maybe someone know reliable wallet with that functionality ??
Multisignature (multisig) refers to requiring more than one key to authorize a Bitcoin transaction. It is generally used to divide up responsibility for possession of bitcoins. Standard transactions on the Bitcoin network could be called “single-signature transactions,” because transfers require only one signature — from the owner of the private key associated with the Bitcoin address ... Bitcoin addresses that start with a 3 not only correspond to multisig, but any type of script with is not pay to scriptPubKey (normal public key address). What is Multisig – A Beginner’s Guide. By: Ofir Beigel Last updated: 9/27/20 Multisig is what makes Bitcoin wallets more secure, allows for more corporate use cases, makes trustless escrow/arbitration possible, and generally solves lots of problems. But really, what is it and how do I use it? This post explains it all. What is Multisig Summary Creating a Multisignature Address with Bitcoin-Qt. A 2of3 multisig address can be created by following these steps: Gather (or generate) 3 bitcoin addresses, on whichever machines will be participating, using getnewaddress or getaccountaddress RPC commands (or copy and paste from the GUI). A multisig wallet is one where you need control over multiple private keys in order to spend from that wallet. That is each address in the wallet has multiple private keys behind it. The idea with multisig wallets is that multiple people can cooperatively control the funds in the wallet. Alternatively, the wallet can require approval from multiple devices owned by the same person i.e. a form ...
This is useful if you want more than one person to be required to 'sign off' or 'authorize' any outgoing Bitcoin wallet transaction. This is also a great security measure for your own personal ... Today I check out how to use a multi signature wallet via the CoPay platform. Tip Address: 1CwYp77iDHy2XFoV1LLEeJA3t8ynF5ZzAd Bitpay Wallet Tutorial: https:/... Just like the Wright brothers, on those first flights at Kitty Hawk, didn't concern themselves that much with landing. And improvements like anti-lock brakes... By this document you can create a Pay to script Hash (P2SH), a much more secure Multi Signature address to store bitcoins. To avail this document kindly mail us at below: [email protected] ... Originally introduced into the bitcoin client a few years ago, multisignature addresses massively more secure than regular ones. Their adoption by all wallet manufacturers is coming. But, for you ...