IBAX which is a new blockchain project taking over the crypto space by storm has made it easier for multiple users to sign a digital asset. Here is a brief article on this awesome feature.
Multisig (multisignature) means multiple users simultaneously sign a digital asset. Simply speaking, there is more than one person with the right to sign and initiate payments in one account. If an address can only be signed and paid with a single private key, it can be described as 1/1, while the multi-signature is m/n. There are n private keys permitted to sign account operations and a transaction can be paid when there are m address signatures. Therefore, m must be equal to or less than n. IBAX Network allows not only creation of multisig wallet addresses, but also management of one wallet private key by multiple people.
Since IBAX Network can handle complex service logic, it can create asset storage for various signatures administered by roles, realize asset lock-up in the network, and enable asset management by different accounts. According to the actual service needs, you can set the percentage of users who can transfer assets and realize fund co-management truly consistent with banking systems.
Project links :
Website: https://ibax.io
Global Partner Recruitment: https://forms.gle/uahzDWJcU4ifs4zFA/
Whitepaper: https://bit.ly/3fGERao
Twitter: https://twitter.com/IbaxNetwork
Linkedin: https://www.linkedin.com/company/68016504/
Facebook：https://www.facebook.com/ibaxproject
Medium: https://medium.com/@ibaxnetwork