The Next MONERO Client Release Will Have Full Multisig Support. And a Definition of Multi Sig. for New Crypto Folks.
A great piece of news that has been coming for awhile. Let's learn together:
Solid cryptocurrency and their wallet solutions need key features to succeed. Not only does it need to be fungible, but it also needs secure storage solutions.
As things have progressed, Bitcoin users know this and to them, using multisignature support has really become normal.
Things are a different when it comes to most altcoins. Monero is a coin well known for its privacy and anonymity, and will receive multisig support soon. The code has been merged into the official dev. branch as this news broke last week. I wrote about it 7 days ago and many did not see the news or the post I guess.
Here is the official news on their Twitter feed last week:
https://twitter.com/monerocurrency/status/942485177166630912
https://twitter.com/monerocurrency
Some Simple Definitions of Multi-Sig:
--
I zapped those last screenshots from here:
https://en.bitcoin.it/wiki/Multisignature
https://coincenter.org/entry/what-is-multi-sig-and-what-can-it-do
From the Dev. Side: GitHub.
This code has been under dev. for quite awhile now.
The new feature is now merged officially into the main branch of Monero development, after a rigorous testing period
Interested in checking out this code on Github??
For crypto folks, this is big in every way. It shows the cryptocurrency world that team Monero is hard at work making their product better and more secure.
https://github.com/monero-project/monero/pull/2134
We are not sure when to expect this new client, but it's good to know some of what features we can look forward to.
There's some other interesting features about this integration as well.
Multisig transactions & addresses, to be specific, are indistinguishable from regular Monero transactions & addresses, which is very different from Bitcoin and other coins that currently support multisignature solutions.
Quick Points:
-- In Bitcoin, regular wallet addresses begin with a “1”.
-- Multisig wallets instead, contain a “3” at the front.
-- With Monero, there won't be a way to tell the difference between regular and multisignature transactions and wallets.
That is QUITE an accomplishment for a currency focused on privacy and anonymity. Further, it may help other exchange platforms and services integrate Monero support in the future.
This will likely open up a whole host of new opportunities. Multisignature support is pretty significant!
Resharing this info from my post last week... Many people did not see this big news.
Info/Image sources
Thanks for reading, have a nice day.
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Some of my recent blogs:
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https://steemit.com/funny/@barrydutton/life-in-crypto-is-like-24-or-market-panic-hodl-ers-be-like
https://steemit.com/christmas/@barrydutton/and-to-all-a-good-night-pizza-how-i-love-thee
Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay. Today:
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
A great piece of news that has been coming for awhile. Let's learn together:
Solid cryptocurrency and their wallet solutions need key features to succeed. Not only does it need to be fungible, but it also needs secure storage solutions.
As things have progressed, Bitcoin users know this and to them, using multisignature support has really become normal.
Things are a different when it comes to most altcoins. Monero is a coin well known for its privacy and anonymity, and will receive multisig support soon. The code has been merged into the official dev. branch as this news broke last week. I wrote about it 7 days ago and many did not see the news or the post I guess.
Here is the official news on their Twitter feed last week:
https://twitter.com/monerocurrency/status/942485177166630912
https://twitter.com/monerocurrency
Some Simple Definitions of Multi-Sig:
--
I zapped those last screenshots from here:
https://en.bitcoin.it/wiki/Multisignature
https://coincenter.org/entry/what-is-multi-sig-and-what-can-it-do
From the Dev. Side: GitHub.
This code has been under dev. for quite awhile now.
The new feature is now merged officially into the main branch of Monero development, after a rigorous testing period
Interested in checking out this code on Github??
For crypto folks, this is big in every way. It shows the cryptocurrency world that team Monero is hard at work making their product better and more secure.
https://github.com/monero-project/monero/pull/2134
We are not sure when to expect this new client, but it's good to know some of what features we can look forward to.
There's some other interesting features about this integration as well.
Multisig transactions & addresses, to be specific, are indistinguishable from regular Monero transactions & addresses, which is very different from Bitcoin and other coins that currently support multisignature solutions.
Quick Points:
-- In Bitcoin, regular wallet addresses begin with a “1”.
-- Multisig wallets instead, contain a “3” at the front.
-- With Monero, there won't be a way to tell the difference between regular and multisignature transactions and wallets.
That is QUITE an accomplishment for a currency focused on privacy and anonymity. Further, it may help other exchange platforms and services integrate Monero support in the future.
This will likely open up a whole host of new opportunities. Multisignature support is pretty significant!
Resharing this info from my post last week... Many people did not see this big news.
Info/Image sources
Thanks for reading, have a nice day.
PixaBay has tons of free pictures for us all to use!!!
Super Easy/Fast Picture Edits / Resizing at: http://www.picresize.com/ and also https://www298.lunapic.com/editor/
If you liked this blog post - please Resteem it and share good content with others!
--
Some of my recent blogs:
--
https://steemit.com/funny/@barrydutton/life-in-crypto-is-like-24-or-market-panic-hodl-ers-be-like
https://steemit.com/christmas/@barrydutton/and-to-all-a-good-night-pizza-how-i-love-thee
Most Images: Gif's - via Giphy.com , Funny or Die.com / Pixabay. Today:
If you feel my posts are undervalued or you want to donate to tip me - I would appreciate it very much.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
--
LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff
EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0
Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477
Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c
Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX
DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS
PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL
Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
This has really upset some people but I do not force my opinions on others, or need to communicate every detail of my life or issues, most people do not care anyways. I invested around 10 hours or more a day on Steemit most of my first 13 mths here, trying to build community, put out content and engage people, help and donate to people, and I just do not have that time in my life right now, and that includes for replies and voting/curation.
I have done my best, sorry if you do not understand like some are clearly having a problem with. It's a blogging platform, and I will do my best at everything, and to keep blogging.
Carry On.
Thanks for this information!
Note that multisig transacti… twitter.com/i/web/status/9…
Disclaimer: I am just a bot trying to be helpful.
great analyzing information @barrydutton. Thanks for sharing.