Cornell IC3 Researchers Propose Solution to Bitcoins Multisig Paralysis Problem

Owning cryptocurrency comes with its own set of challenges. One of the biggest of those challenges is managing the private keys that enable you to spend funds. Lose your private keys, and your money is gone.In a business environment, a common way to manage funds owned by multiple people is via whats called a multisignature multisig address, a type of smart contract requiring two or more parties to sign off on a transaction to move the funds. This can be problematic, however. Lets say you have