Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: crazy_rabbit on November 29, 2012, 09:58:42 AM



Title: Multi-Sig for LTC
Post by: crazy_rabbit on November 29, 2012, 09:58:42 AM
Is Multi-Sig in LTC yet? Seems like that would be really important so that we don't have to repeat the mistakes and tragedies of all the BTC hacks of the past. Multi-sig will be really helpful as we grow the LTC economy.


Title: Re: Multi-Sig for LTC
Post by: killerstorm on November 30, 2012, 03:41:23 PM
Multi-signature is supported on protocol level for quite a while (from start?).

However, it is unusable without proper user interface and features supporting it.

I guess the main problem now is lack of transport: without signature transport we cannot make it work "automagically", and if it doesn't work automagically then neither merchants nor users want to use it.

I currently work on p2p exchange, and it requires pretty much same transport as needed for convenient mutlisig, so I'm going to implement it. Then it can be reused to make automagic, convenient multisig.

But first and foremost interest should come from merchant, service providers etc. If they want it to work then developers will add this feature to clients.

Otherwise we'll have this half-assed development where seemingly trivial feature is being developed for 1.5 years and is still not quite here.