For this step-by-step tutorial, we are going to choose the 2 of 2 multisig wallet but as mentioned above, you can create a wallet with up to 15 cosigners with the EC wallet. In the video above, Bitcoin Magazine’s Christian Keroles walks you through how to set up a multisig wallet with Caravan and how to spend from the wallet, along with explaining some of the benefits and nuances of Bitcoin multisig wallet security unique to Caravan. The idea of Caravan is to make bitcoin multisig custody safer and easier to use ... One of the great things about bitcoin is the use of multisignature technology, or otherwise known as multisig. Traditionally speaking, with bitcoin you Bitcoin multisig wallets can enable more secure custody of your bitcoin, adding redundancy and avoiding a single point of failure in the number of keys necessary to authorize a spend. One new tool for utilizing multisig is Caravan from Unchained Capital. With Caravan, Unchained Capital has created a free and open-source tool allowing you to spin up multisig wallets and addresses and spend from ... For this step-by-step tutorial, we are going to choose the 2 of 2 multisig wallet but as mentioned above, you can create a wallet with up to 15 cosigners with the EC wallet. After selecting the 2 of 2 multisig wallet, simply press “next” and the software program will give you four choices to create the original multi-signature wallet. In this tutorial, we are going to create a 2 of 2 multisig wallet for bitcoin cash (BCH) storage using the Electron Cash wallet.However, the same method can be applied to a bitcoin (BTC) wallet by leveraging the Electrum wallet software and following the same directions.. The Electron Cash wallet is a great SPV client that allows people to create multisig wallets for bitcoin cash storage. Check out our video walkthrough on Unchained Capital’s Caravan tool, enabling multisig bitcoin wallet security and better protecting your HODLings. The post Video: How to Create a Multisig Wallet With Caravan By Unchained Capital appeared first on Bitcoin Magazine.
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