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Elena
@ltb
Proud to announce a huge milestone and an incredible engineering feat by IF Labs — support for fully private multisig accounts and transactions using the FROST threshold signature scheme integrated with the custom Sapling privacy protocol for Iron Fish 🙌 https://ironfish.network/learn/blog/2024-04-09-multi-sig
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Elena
@ltb
Multisig accounts require multiple signatures produced by distinct parties to authorize a transfer of funds, increasing overall security and governance over those funds. Investors, exchanges, DAOs, and many bridge designs use multisig accounts for these reasons.
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Elena
@ltb
All transfer transactions on Iron Fish are always private, making multisig transactions indistinguishable from any other transaction, regardless of what asset is being transferred, or how many parties are participating.
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