Does BC Vault support multi-signature access to wallets?

Modified on Wed, 7 Nov, 2018 at 4:53 PM

BC Vault can help you out with the multi-signature problem without multi-signature already :)

WHY? Ask yourself WHY MULTISIG is needed? 

To prevent a single person to have full control of funds? Right?

Well....it's really simple with BC Vault!

You can lock the transaction approval to confirmation of up to 4 people. Simply:

  • 1 person gets the global password
  • 1 person gets the global pin
  • 1 person gets the wallet password
  • 1 person gets the wallet pin


ONLY when all 4 are present and all 4 use their knowledge the transaction can be made. Now if you want to have redundancy, simply take 4 BC Vaults for example (use super easy Backup/Restore MicroSD) on different locations and give each of the password/pin to 4 different people. Then you need 4 people out of 16 (for example) to do the transaction.Voila...PROBLEM SOLVED!


Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article