I’ve craeted a small on-line alternate primarily based on Bitcoin Core. The options on this utility are:
- Person ship request to get a brand new handle, and the Bitcoin Core generate a brand new one with outlined passphrase.
- Person can obtain BTC on his personal handle.
- Person can ship BTC from his personal handle, and for this objective, I’ve used
sendtoaddress
after unlocking account withwalletPassphrase
.
On this state of affairs, there may be one sophisticated passphrase which is ready to unlock all accounts. However after studying about multisig function, I considered implementing a state of affairs on this regard on my utility. However there are some questions in my thoughts:
- I’ve used a set passphrase in my codes whereas sending transactions. Concerning to multisig ideas, I want to make use of totally different personal keys to signal information as a substitute of utilizing a passphrase to unlock that account. Am I proper?
- Because the operation in a web-based alternate needs to be do mechanically, I feel I’ve to make use of all required personal keys within the ultimate step of my codes. On this case, I feel I didn’t add any new safety mechanism to my utility as every thing is positioned beside one another. Can I cound on safety influence of multisig accounts in my utility in any respect?
I hope you may assist me so clear up these points in my thoughts.