Posted on: 21. March 2018

Multi-Signature

# Provider of the Month - Passive income through Masternodes
The GetNode Club offers its members a stake in the only ever Masternode pool. to the provider - (https://www.getnode.io).

What is a Multi-Signature?

Multi-Signature is a scheme for implementing an electronic signature that requires authentic keys from a group of members. This is basically a variant of the threshold value signature, which is not implemented as an individual object but is implemented as a verification of the conditions set by the base system of cryptocurrency scripts.

Multi-Signature at Bitcoin

A feature of Bitcoin and many other cryptocurrencies is the reversibility of transactions. In short, there is no mechanism for reversing a confirmed operation. But Bitcoin has an integrated scripting language that allows users to set a variety of additional conditions for performing transactions.

One of the possible conditions implemented by scripts is the generation of a bit address. This requires a certain number of signatures from the specified list. In August 2013, BitGo was the first to implement a multi-signature wallet. This allows customers the ability to use the interface without direct access to scripts.

The first character created using the multiple signature Bitcoin addresses is a 3 (usually Bitcoin addresses begin with a 1). The addresses for operations with two keys are required from the specified three are widespread. This is usually referred to as “multi-signature”. They enable you to implement reversible transactions.

The multi-signature at Bitcoin is a group of signatures from different users and not an object. Multiple signatures are implemented in different ways in other cryptocurrencies. The language of intelligent contracts on Ethereum has many more possibilities than the scripting language of Bitcoin.


Passive income through Masternodes
Editor's recommendation: The Masternode Pool Club GetNode is the only provider of its kind. GetNode allows its members to participate in a unique masternode pool that is already over 100 Bitcoin in size. Through active management of the pool and constant purchase of new masters, GetNode has achieved very good results. So who ever wanted a passive income through Masternodes , here is the change. With a minimum of 1000 Euro or 0.2 Bitcoin a quick start is possible. The deposit can be made via Bitcoin or Euro. The payment is made automatically every two weeks via Bitcoin. We are even invested in GetNode with 1.2 Bitcoin and so far we are very satisfied with the results.

Leave a Reply

Your email address will not be published. Required fields are marked *

Bots can not vote

4.79 / 5 Stars
698 reviews for Coin-Report.net submitted.