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> The concept of everyone using a common, well-audited contract makes sense though. Just Parity's contract was neither common nor well audited. > Virtually al
by bhaak 9y ago
> The concept of everyone using a common, well-audited contract makes sense though.
Just Parity's contract was neither common nor well audited.
> Virtually all Bitcoin multisignature transactions use the same script construction and it has never been hacked, despite being much older.
The only multi-sig issue that I'm aware of in Bitcoin was the Bitfinex hack but I don't know in what relation BitGo's multi-sig implementation is to the standard multi-sig.
The EF multi-sig implementation has been audited and AFAIK there has also never been an issue with it.
- TD-Linux 9y agoThe Bitfinex hack was due to getting enough parties of the multiparty signature to sign it (e.g. by stealing 2 out of 3 keys, or taking advantage of insufficiently secure automatic signing systems), not an issue with the contract itself.