#monero #multisignatures explained
▻https://hackernoon.com/monero-multisignatures-explained-46b247b098a7?source=rss----3a8144eabfe3
This text opens a new series in which we will explore the inner workings of various blockchains currently being used by the industry. Today, I’m glad to present you with our first research subject: Monero, the #blockchain behind XMR, a fairly well-known, privacy-centered cryptocurrency. Being anonymous, the network implements a number of interesting algorithmic and cryptographic solutions, including multisignature (or simply multisig), a digital signature scheme allowing multiple users to sign documents together as a group.Although Monero added the support for the multisignature protocol several months ago, there is still a certain lack of information online on how this technology works, so we would like to fill this gap first of all. Since the process of creating a multisignature (...)