BIPs bitcoin improvement proposals

129 - Bitcoin Secure Multisig Setup (BSMS)

BIP: 129 Layer: Applications Title: Bitcoin Secure Multisig Setup (BSMS) Author: Hugo Nguyen Peter Gray Marko Bencun Aaron Chen Rodolfo Novak Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0129 Status: Proposed Type: Standards Track Created: 2020-11-10 License: BSD-2-Clause ==Introduction== ===Abstract=== This document proposes a mechanism to set up multisig wallets securely. ===Copyright=== This BIP is licensed under the 2-clause BSD license. ===Motivation=== The Bitcoin multisig experience has been greatly streamlined under [https://github.com/bitcoin/bips/blob/master/bip-0174.mediawiki BIP-0174 (Partially Signed Bitcoin Transaction)]. However, what is still missing is a standardized process for setting up multisig wallets securely across different vendors. There are a number of concerns when it comes to setting up a multisig wallet: # Whether the multisig configuration, such...