Hive Multisig is finally live at this address!
If you don't know what Hive Multisig is, I encourage you to read this article.
/!\ Do not play with the Update Account section and update your weights and thresholds if you don't know what you are doing ;)
Hive Multisig in action
Using this dApp you can update your account keys, initiate multisig transactions, and receive multisig transactions initiated by another user.
In the video below, I am connecting on two different accounts (@stoodkev and @lecaillon), knowing that @lecaillon account has a threshold of 2 on its active key, and that @stoodkev has authority over it with a weight of 1. This means that @lecaillon needs to sign and also obtain @stoodkev signature to perform an active authority operation (here a transfer)
This is how it goes:
- Both accounts login to the service (you can see two signatures for each because we register both the posting and active key).
- @lecaillon initiates a transfer
- @lecaillon signs the transfer
- @lecaillon encodes the operation for other potential signers
- As a potential signer, @stoodkev immediately receives the signature request
- @stoodkev decodes the signature request
- @stoodkev agrees with the transfer and thus, signs it
- The backend acknowledges that there are enough signatures and notify @stoodkev that he can broadcast the transfer
- The transfer is broadcasted successfully
Repositories
Of course, all this work is opensource and can be found on our Github:
Going further
We now have a workable Beta but there is still much that can be done to make this better.
In the coming month we will focus on :
- SDK Documentation: So that dApps can easily use the SDK to perform multisig requests
- Gathering user feedback and making the necessary changes
More long-term goals include :
- Decentralizing the multisig backend
- Providing multisig bots, to give more granularity to Hive keys (more on that later)
- DevOps work to get a more robust architecture
Hope this to be used by Apps for building trustless pools of assets and manage them in a decentralized manner. One important use case would be bridges to other chains.
Yup, I also think it can be big for managing communities / DAOs and DHF projects.
Some big projects are already in touch with us to see how this can be implemented. I'm really excited to see what will come out of this =)
Bridges ❤️
Nice, I can start with my creativity now =)
Seriously, this is a waited one for me. Will play with it on my vacations.
Awesome, looking forward to your feedback!
Great! But why are there Day/Hour/Min controls for expiration when max allowed time is 1 hour?
Thanks! Good point, I actually didn't notice that. Fixing it now
That's a good update, man. I'm using Keychain and I'll try this feature too.
Thanks!
I use keychain. I like it's features and its services. Thanks for sharing update
Thanks! It's out of the scope of Keychain for now, but we will integrate it soon.
That's pretty cool Stoodkev.
It is, right? =D
Looking forward to seeing it in action in Hive dApps.
Welldone team
Thanks!
Fantastic! sounds cool. Maybe you can consider writing a post to give some use case examples? 😄
Thanks!
I've listed several use cases in the original proposal.
Outstanding contributions team. Let's keep building!
Thanks, will do!
thanks a bunch!
Good job buddy :)
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STOPAnother great news for Hive
@tipu curate
Upvoted 👌 (Mana: 44/54) Liquid rewards.
No entendi muy bien pero lo voy a usar para familiarizarme. Saludos
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STOPIts projects like these which makes Hive even greater. Thanks so much.
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@torran(8/10) tipped @stoodkev
I like this type of information, I am not very skilled with some functions but I use the Keychain and I will be waiting for new updates.
This is awesome to see! Keep up the great work!
What an awesome announcement. I believe this is a very important stepping stone towards decentralization of Hive and the projects that will be building on top of it. 😃👏
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Wow, nice, let get started
That is amazing is a great update
How great this is @stoodkev, I love it! 😍
Great job man👌
Thank you for this development.
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