Please read this first: Advanced EOS Multisignature Tutorial to understand EOS Multisignature
Recommend: Using Scatter Desktop, not Scatter extension on Chrome
Look at my testing account first:
What is the problem here?
If I lose my Active Key, I can use my Owner Key to change it.
- If someone steals my Owner Key, that bad guy can take over my account. I will lose it forever.
To avoid that, we should apply Multisig Structure on our EOS accounts.
1. Set up multisig permissions on your account:
I focus on
Ownerfirst. You can use this guide for your Active later. Let's change it.
What changes on the above picture:
* Owner is the first layer, so let its Parent blank
1)Threshold: 2 (always >= 2)
2)Keys: delete all keys (because a key without the highest threshold cannot make a msig transaction)
* We should use accounts, please prepare the number of accounts > Threshold. In this guide, I prepare 3 accounts. The reason is that if you lose 1 account, you still have 2 left to make a msig transaction
3)Accounts: add 3 accounts
[email protected], and
[email protected] with threshold
1 for each
When completed, check out your account permissions
2. Create a msig transaction (change permissions, tranfer tokens, stake, unstake, delegate, undelegate, buy/sell RAM, etc.):
In this guide, I am gonna transfer tokens
Pick up 1 of 3 accounts to
[email protected]) and turn on
Go to Wallet => Transfer Tokens
Transfer 0.01 EOS to iloveueosdac
Then, you will turn to Propose Multisig Transaction
Put on the transaction information
* Proposal name: put on anything you want, but it is not longer than 12 characters
* Requested Approvals: my Owner Threshold is 2, so just pick up 2 of 3 accounts
* Authorization: put on your Sender account. Here is
owner (I put on
owner because all of my Requested Approvals are on Owner Permissions)
* Data: from: change
account4test (tranfer tokens from
When completed, click on
Use the first approval account
Loginthe second approval account
Now you have 2 approvals, then click
Congratulations! Your msig transaction is done!
When completed, click F5 and you will see
Check out the transaction on
That's all. Hope that helps you :)
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