Ben Kaufman explains the nuances of backing up a Bitcoin multi signature wallet. Obviously, it is very important to backup your private keys with the recovery words. However, since multisig is an advanced smart contract,...
Ben Kaufman explains the nuances of backing up a Bitcoin multi signature wallet. Obviously, it is very important to backup your private keys with the recovery words. However, since multisig is an advanced smart contract, it is important to also backup the exact script that is used to lock-up the bitcoin. Even if you know the private keys, without knowing the exact script, you cannot spend your coins!
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