0

for a normal wallet : if you own the private key you own the money can we say that the multisig wallet is just a normal wallet which the private key was derived from others wallets ?

0

the multisig wallet is just a normal wallet which the private key was derived from others wallets

That's pretty much exactly what it is. A multisig address lists the public keys that are allowed to spend the coins, and how many members of the group must sign (for instance, you can require 2 of 3 signatures). As long as enough private keys are accessible, the funds can be moved.

2
  • so in this case , even if you have a multisig wallet that require many people to sign , there is still a very small propability that someone by chance find a private key for a normal wallet which is nothing but your multisig wallet , right
    – Ana Ana
    Oct 23 '18 at 2:35
  • No, multisig wallets are p2sh wallets, private key backed wallets are p2pkh. Even if you find a hash collision, the script is different. You will need to find a collision for the redeem script hash, and your colliding redeem script must also be valid Oct 23 '18 at 2:57

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.