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The xPub key is a public key, which can be passed on without any problems. The counterpart, the private key, is the so-called seed, which is often encoded in the form of 12 to 24 words. You can think of the xpub key as a kind of master key from which an almost endless amount of public keys – and thus Bitcoin addresses – can be generated. This requires an Extended Public Keys (xpub). This is necessary in order to clearly assign each incoming payment to an order. In an online store, a new Bitcoin address must be generated for each payment transaction. What is an Extended Public Keys (xpub Key)?

LNbits – Lightning Wallet and Account System.

Lightning Channel Management und Rebalancing.

Starbackr – Earn Bitcoin with your content.

BTCPayWall – Bitcoin Paywall for Content and Digital Goods.

Electrum Lightning Wallet – Lightning Wallet with Electrum Wallet.

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LNPoS – Hardware Lightning PoS Terminal.

Note: Cosigner A should fill in cosigner B’s master public key, vice versa.

Step 6: We can now proceed with the creation and associate a newly created wallet with the second cosigner’s public key. Share this with other cosigners as they must use this master pubkey to create a multisig wallet.Įvery cosigner must perform the above steps - create and share their public key with other cosigners in order to complete the setup process. Step 5: After creating a new cosigner, the window with the master pubkey of this cosigner will be shown. If “Master key” is selected, the wallet created will be a watch-only wallet with no signing capability. In order to be a cosigner, the wallet user must select “Create a new seed”, “I already have a seed” or “Use a hardware device”. Step 4: Select a way to create a new wallet. Guide to setting up a multisig DeFiChain Electrum wallet Step 1: Create a new wallet Step 2: Select “Multi-signature” wallet Step 3: Choose a number of cosigners as well as the number of required signatures for broadcasting the transaction.Īs an example, we will go with a 2-of-4 multi-sig wallet, where 2 signatures are required from 4 cosigners. Please do note that the DeFiChain Electrum Mac Client is currently pending final touches and will be released shortly.

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It can be downloaded for free through the following links.

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This wallet is under MIT license and exists as a desktop app for Mac, Windows and Linux. However, users are still responsible for securing and backing up their wallet.

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The wallet also gives you full control over your $DFI –– no third party can freeze or restrict your funds, since your private keys are encrypted and they never leave your computer.

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Its open source nature underscores this by allowing anyone to audit the code and make sure the final software does indeed do what it is expected to do. Multisig allows users to rest assured that their funds are now even safer. cosigners).īy “breaking up” the private key, multiple keys are needed to unlock the wallet and access the funds. As a result, users are able to split the permission to transact crypto assets between several wallets (i.e. This brand new wallet design builds on a multi-signature technology from Electrum to provide DeFiChain capabilities mainly for treasury use cases. What are the advantages of the new Electrum wallet?ĭeFiChain Electrum wallet was developed to enable its user base full control over their money. An integral part of this is a safe and state-of-the-art wallet with which users are comfortable to interact with while not sacrificing privacy and transparency standards. As one of the leading blockchains for DeFi applications, DeFiChain is putting its emphasis on building a safe and secure ecosystem for all its stakeholders.