MultiversX Tracker is Live!

Can multisig wallet can be fooled by adding one more key?

Bitcoin Stack Exchange

Bitcoin News / Bitcoin Stack Exchange 161 Views

Please consider this scenario. I agree with other party that we will create 2/2 multisig wallet, so we can only spend funds from that wallet together. The other party will create its wallet, generates first key as her/his own (public+private) and then imports my public key as second key. That is correct 2/2 multisig wallet.

But I will create 2/3 wallet on my side. I will generate two own keys and as third key I will import public key of other party. That means I can use only my own keys to fully sign the wallet.

Will both wallets see funds when one of us will deposit? In theory I could then withdraw funds only myself, because I have necessary two keys of three, while other party things the wallet is 2/2. Or will these be two different wallets?


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments