Event start: 1 year, 1 month ago
Event Information
- Time
- Dec. 29, 2020, 3 p.m. - Dec. 29, 2020, 4 p.m.
- Speakers
- No Speakers publicated yet
- Track
- -
- Language
- English
- Room
- bonfire
- Host
- Swiss Cryptoeconomics
This workshop is covering Multi Signature Bitcoin wallet setup with Specter-Desktop using different Hardware Wallets.
Historically Bitcoin Multi Signature wallet setup is a bit complicated, confusing and limited especially with hardware wallets. Specter-Desktop attempts to solve this and makes Multi Signature Bitcoin wallets both more user-friendly and secure to use.
The workshop will cover the requirements, the installation, and the use of Specter-Desktop.
Multi Signature wallet affords you the ability to avoid loss of funds while making 1 (or more) catastrophic failures in securing your bitcoin.
Some relevant BIPs (https://github.com/bitcoin/bips) - BIP11 - M-of-N Standard Transactions - BIP16 - Pay to Script Hash - BIP38 - Passphrase-protected private key - BIP39 - Mnemonic code for generating deterministic keys - BIP32 - Hierarchical Deterministic Wallets - BIP43 - Purpose Field for Deterministic Wallets - BIP44 - Multi-Account Hierarchy for Deterministic Wallets - BIP49 - Derivation scheme for P2WPKH-nested-in-P2SH based accounts - BIP84 - Derivation scheme for P2WPKH based accounts - BIP141 - Segregated Witness (Consensus layer) - BIP174 - Partially Signed Bitcoin Transactions (PSBT)
Some links: - https://specter.solutions/ - Video on assembling and using Orange DIY - https://www.youtube.com/watch?v=yvjxD3Tmjm8&list=PLn2qRQUAAg0zks2-D7NF4kQk-sIy_xuxb&index=1 - https://btcguide.github.io/ - https://btcguide.github.io/setup-wallets/coordinate-multisig
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