MultiSigil: Substrate Multisig Address Calculator for Your CLI

It is basically what it says on the tin. Since Substrate multisig addresses are deterministic, MultiSigil doesn't need to do any network connections — and can be used even before the chain has been started.

Usage

$ multi-sigil --help

multi-sigil 0.1.0
Parity Technologies <admin@parity.io>
CLI for generating Substrate multisig addresses

USAGE:
    multi-sigil [OPTIONS] <THRESHOLD> <ADDRESSES>...

ARGS:
    <THRESHOLD>       The number of signatures needed to perform the operation
    <ADDRESSES>...    The addresses to use

FLAGS:
    -h, --help       Prints help information
    -V, --version    Prints version information

OPTIONS:
        --network <NETWORK>    Network to calculate multisig for; defaults to Kusama [default: kusama]  [possible
                               values: kusama, polkadot]

Supported networks

Currently only Kusama and Polkadot are supported.

It should be fairly trivial to add support of other networks from the list of supported in SS58 — PRs are welcome!

Download Details:
Author: paritytech
Source Code: https://github.com/paritytech/MultiSigil
License: Apache-2.0 License

#blockchain  #polkadot  #smartcontract  #substrate 

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MultiSigil: Substrate Multisig Address Calculator for Your CLI

MultiSigil: Substrate Multisig Address Calculator for Your CLI

It is basically what it says on the tin. Since Substrate multisig addresses are deterministic, MultiSigil doesn't need to do any network connections — and can be used even before the chain has been started.

Usage

$ multi-sigil --help

multi-sigil 0.1.0
Parity Technologies <admin@parity.io>
CLI for generating Substrate multisig addresses

USAGE:
    multi-sigil [OPTIONS] <THRESHOLD> <ADDRESSES>...

ARGS:
    <THRESHOLD>       The number of signatures needed to perform the operation
    <ADDRESSES>...    The addresses to use

FLAGS:
    -h, --help       Prints help information
    -V, --version    Prints version information

OPTIONS:
        --network <NETWORK>    Network to calculate multisig for; defaults to Kusama [default: kusama]  [possible
                               values: kusama, polkadot]

Supported networks

Currently only Kusama and Polkadot are supported.

It should be fairly trivial to add support of other networks from the list of supported in SS58 — PRs are welcome!

Download Details:
Author: paritytech
Source Code: https://github.com/paritytech/MultiSigil
License: Apache-2.0 License

#blockchain  #polkadot  #smartcontract  #substrate 

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How to create and use multisig accounts on Polkadot and Substrate-based chains

In this video you will learn about multi-signature accounts on Kusama and Polkadot, how to create them and how to use them.

It is possible to create a multi-signature account in Substrate-based chains. A multi-signature account is composed of one or more addresses and a threshold. The threshold defines how many signatories (participating addresses) need to agree on the submission of an extrinsic in order for the call to be successful.

For example, Alice, Bob, and Charlie set up a multi-sig with a threshold of 2. This means Alice and Bob can execute any call even if Charlie disagrees with it. Likewise, Charlie and Bob can execute any call without Alice. A threshold is typically a number smaller than the total number of members but can also be equal to it, which means they all have to be in agreement.

Multi-signature accounts have several uses:

- Securing your own stash: use additional signatories as a 2FA mechanism to secure your funds. One signer can be on one computer, another can be on another, or in cold storage. This slows down your interactions with the chain, but is orders of magnitude more secure.
- Board decisions: legal entities such as businesses and foundations use multi-sigs to collectively govern over the entity’s treasury.
- Group participation in governance: a multi-sig account can do everything a regular account can. A multi-sig account could be a council member in Kusama’s governance, where a set of community members could vote as one entity.

Multi-signature accounts cannot be modified after being created. Changing the set of members or altering the threshold is not possible and instead requires the dissolution of the current multi-sig and creation of a new one. As such, multi-sig account addresses are deterministic, i.e. you can always calculate the address of a multi-sig just by knowing the members and the threshold, without the account existing yet. This means one can send tokens to an address that does not exist yet, and if the entities designated as the recipients come together in a new multi-sig under a matching threshold, they will immediately have access to these tokens.

via https://wiki.polkadot.network/docs/en/learn-accounts#multi-signature-accounts

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