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Can you explain re-keying? Does that happen on-chain? If so, who pays for the transaction fees?
by patrickthebold 4y ago
Can you explain re-keying? Does that happen on-chain? If so, who pays for the transaction fees?
- ccamrobertson 4y agoYes; you are effectively requesting sending from the original 2-of-2 multisig to a new 2-of-2 multisig in the re-key procedure. The user broadcasts the transactions and pays the fees. For all transfers we're recommending using the lowest fee tier possible as given the fact that the notes are intended to be long-lived, rushing to load or re-key them doesn't make a ton of sense.