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Author Topic: Multi-sig vs single-sig wallets for future unknowns  (Read 258 times)
vjudeu
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May 13, 2024, 09:44:59 AM
 #21

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i'm not sure what you mean exactly.
Here is some example, where you have 1-of-2 multisig, without using P2SH: https://mempool.space/tx/23b397edccd3740a74adb603c9756370fafcde9bcc4483eb271ecad09a94dd63

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it can go up to 15 compressed keys apparently. not just 3.
https://github.com/bitcoin/bips/blob/master/bip-0011.mediawiki#specification
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Specification

A new standard transaction type (scriptPubKey) that is relayed by clients and included in mined blocks:

    m {pubkey}...{pubkey} n OP_CHECKMULTISIG

But only for n less than or equal to 3.
Of course, you can get more than three keys, but then it is non-standard, if you use bare multisig.

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so first of all why would parties use keys from the same deterministic wallet as private keys for their multisig wallet. that wouldn't really make much sense.
Because there is a difference between regular usage, where public keys are safe to use, and some attack, where ECDLP is solved. Because if single public keys would become unsafe, then attacking N keys simultaneously wouldn't require much more effort.

So, if ECDSA is safe, then you can use 2-of-2 multisig, and be sure, that both keys are always needed. But if ECDSA is no longer safe, then finding a distance between the generator and the first key, is not that much harder, than finding a distance between all of those three points. Because eventual attacks are as complex for two points, as they are for N points, it is all based on finding collisions and relations between keys, no matter, how many of them you start with.

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