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Hive Multisig is live!

stoodkev

Published: 20 Sept 2023 › Updated: 20 Sept 2023Hive Multisig is live!

Hive Multisig is live!

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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@stoodkev and lecaillon@lecaillon), knowing that lecaillon@lecaillon account has a threshold of 2 on its active key, and that stoodkev@stoodkev has authority over it with a weight of 1. This means that lecaillon@lecaillon needs to sign and also obtain stoodkev@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@lecaillon initiates a transfer
  • lecaillon@lecaillon signs the transfer
  • lecaillon@lecaillon encodes the operation for other potential signers
  • As a potential signer, stoodkev@stoodkev immediately receives the signature request
  • stoodkev@stoodkev decodes the signature request
  • stoodkev@stoodkev agrees with the transfer and thus, signs it
  • The backend acknowledges that there are enough signatures and notify stoodkev@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

Leave Hive Multisig is live! to:

Written by

Witness. Building Keychain and Hive Multisig.

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