WaykiChain Multisig Wallet

With its brand-new multisig (multisignature) wallet, WaykiChain can effectively resolve the security risks of digital wallets and improve their security greatly.

Unlike normal wallets, asset transfer in a multisig wallet requires authorization of multiple key holders, which makes user assets more secure. Taking a safe for example, there is a total of n keys to it and at least m of them are needed to open it.

In a normal wallet, when you want to transfer assets to Alice, you only need your own signature (generated using your private key).

In a multisig wallet, when you want to transfer assets to Alice and a multisignature was set up (for 3 users, namely, you, Bob, and Charlie, with at least 2 signatures required for a transfer), signatures of two of you, Bob, or Charlie are needed.

WaykiChain multisig wallet supports the underlying tokens issued on WaykiChain. It adopts the m/n model. The multisig wallet is managed by nusers; and m signatures are required for asset transfers. This model offers more secure allocation of asset disposal rights.

What is WaykiChain?

The WaykiChain is focused on developing its own technology, bottom public chain layer and as well corresponding to that an ecosystem which will foster technology research and development, as well as project operation.

The independent research and development of the third generation of blockchain business reached the leading level in the industry, with high-performance transaction processing capabilities (TPS avg. 4500+), efficient mechanism of consensus (DPoS + pBFT), robust and smart engine (Lua + WASM) contract, plus the blockchain decentralized control ability. WaykiChain will provide expertise in critical areas of vertical industry with infrastructure services and industry solutions.

At present, with the team’s continuous investment in research and development and the active participation of the community of developers and users, the base of WaykiChain has been continuously upgraded and optimized. One of the critical financial roots of blockchain developed by WaykiChain, stablecoin WUSD (built on the bottom layer of the public chain) is also enhancing the potential synergy of decentralized business development.

📰 INFO:

https://waykichainwicc.medium.com/improved-security-waykichain-releases-multisig-wallet-3b2cacded036