Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: GreatArkansas on March 20, 2019, 02:40:19 AM



Title: Bitcoin Multi Signature Wallet
Post by: GreatArkansas on March 20, 2019, 02:40:19 AM
I want to ask if there are any possibilities that anyone can track connected wallet addresses in one Multi Signature Wallet?
Because in Coinomi wallet, there is an option that you can create multiple bitcoin addresses.

For example, I have my Wallet A bitcoin address created for savings for my new car, and the Wallet B bitcoin address is for savings for my new house.
Are there any ways that anyone will know that Wallet A and Wallet B are connected together with just one owner?


Title: Re: Bitcoin Multi Signature Wallet
Post by: riritsurya1202 on March 20, 2019, 03:30:04 AM
Are you saying that wallet A & wallet B address is derived from one seed?
IIRC walletexplorer has the ability to list address derived from the same seed.

If you want to feel more secure, I think you should create 2 different wallet from 2 different seed.


Title: Re: Bitcoin Multi Signature Wallet
Post by: Farul on March 20, 2019, 03:38:46 AM
For example, I have my Wallet A bitcoin address created for savings for my new car, and the Wallet B bitcoin address is for savings for my new house.
Are there any ways that anyone will know that Wallet A and Wallet B are connected together with just one owner?
As Long There Is No Transaction Between Them, It Will be safe
If Your Wallet Use BIP32 (High Chance), Don't Share Your Master Public Key (or seed phrase)

BTW That Type Of Wallet Is Not Called Multisig


Title: Re: Bitcoin Multi Signature Wallet
Post by: GreatArkansas on March 20, 2019, 03:48:29 AM
Are you saying that wallet A & wallet B address is derived from one seed?
Yes, they are from one seed.
As Long There Is No Transaction Between Them, It Will be safe
If Your Wallet Use BIP32 (High Chance), Don't Share Your Master Public Key (or seed phrase)
BTW That Type Of Wallet Is Not Called Multisig
Oh, I see, now I know. I thought this is one they called Multi Signature Bitcoin wallet. Thanks that info!


Title: Re: Bitcoin Multi Signature Wallet
Post by: pooya87 on March 20, 2019, 04:21:13 AM
that is not what Multi Signature Wallet means.
a MultiSig wallet is a wallet that has addresses which are created by combining multiple keys so that when you want to spend coins received by those addresses you have to use all the keys used for creating those addresses.

if you have Wallet A and Wallet B then it is not multi sig, it is two different wallets. and you can not derive both from the same seed because if you do then they will be the exact same wallet with exact same keys.

EDIT:
if by "wallet" you mean addresses then regardless of what type of address it is (legacy, multisig, segwit,...) and regardless of how they were created (single random key, from a seed,...) two different addresses can only be linked if you either have the master keys (master private key, or master public key for unhardened paths) or if you connect them yourself while spending from them.


Title: Re: Bitcoin Multi Signature Wallet
Post by: joniboini on March 20, 2019, 04:24:11 AM
If they are from the same seed, some wallet explorer can deduce that they're part of the same wallet. I guess it's safer to do like ririt said, make several wallets from different seeds.

if you have Wallet A and Wallet B then it is not multi sig, it is two different wallets. and you can not derive both from the same seed because if you do then they will be the exact same wallet with exact same keys.

I think he meant to say address A & address B, because he confirms that A & B were derived from the same seed.


Title: Re: Bitcoin Multi Signature Wallet
Post by: Pffrt on March 20, 2019, 04:28:13 AM
I second pooya. Multisig is different from what you are talking about. Multisig is like an agreement where required people have to confirm a transaction before releasing it.
On the other hand, you have mentioned multiple wallet. The chance is very low for people to find out the connection.


Title: Re: Bitcoin Multi Signature Wallet
Post by: libert19 on March 20, 2019, 04:44:01 AM
If they are from the same seed, some wallet explorer can deduce that they're part of the same wallet. I guess it's safer to do like ririt said, make several wallets from different seeds.

Do you know any such explorer? I don't think any explorer can catch that wallets are from same seed.


Title: Re: Bitcoin Multi Signature Wallet
Post by: joniboini on March 20, 2019, 04:53:05 AM
Do you know any such explorer? I don't think any explorer can catch that wallets are from same seed.

walletexplorer.com. It support segwit and legacy address last time I checked them.
Feel free to check it out.