Post
Topic
Board Altcoin Discussion
Re: XC uses multisig address and transaction? The answer is NO!! Look at facts here!
by
adhitthana
on 17/08/2014, 05:47:07 UTC
If EVERY node has to sign(meaning multiple signers)  it is multi-sig.  It is a trustless version, unlike supers where coins can be stolen.
lol - every node on the network? You understand that multi-sig is just an extension of pay-to-script-hash, right? When you understand P2SH we can talk.
they clearly don't know what is a multisig. They think something else is multisig, lol
Well I will admit I did not know that the term multi-sig could not be applied to any transaction that requires multiple signatures.
I'm not convinced it is wrong to use the term for more than just the older type of transaction, but I can see where the confusion came from.