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Bitcoin Discussion
Re: Options for Securing your Bitcoin wallet
by
inBitweTrust
on
04/05/2015, 10:08:11 UTC
Quote from: louise123 on May 04, 2015, 09:41:38 AM
One more question: Isn't multisig the same as Shamirs 2-of-3 Secret Sharing Scheme? (this is the first time I have heard of this by the way)
No they are completely different.
Bitcoin supports two multi-signature schemes:
M-of-N Standard Transactions
https://github.com/bitcoin/bips/blob/master/bip-0011.mediawiki
Pay to Script Hash
https://github.com/bitcoin/bips/blob/master/bip-0016.mediawiki
---------------------------------------------------------
SSSS - Shamir's Secret Sharing Scheme found here:
https://github.com/cetuscetus/btctool/blob/bip/bip-xxxx.mediawiki