With Mithril instrument, Cardano (ADA) accounts can be integrated into the most secure and decentralized multi-signature scheme. "Cryptographic magic" can bring staking into multi-signature transactions.
Here's how staking can be useful in multi-sig instruments
According to the explanation shared by Mr. Schmiedel, Mithril works not unlike existing multi-signature solutions. In multi-sig systems, transactions need to be approved by the majority of participants.
What is Mithril @IOHK_Charles always mentions?
Short answer: It's Pyrros Chaidos and Aggelos Kiayias' proposal for a Stake-based Threshold Multisignature.
Long answer: Read more to learn wtf these words are#cardano $ada #crypto #IOGresearch
1/9 pic.twitter.com/29WEXDgASG
— Hans | Seaside Staking (@hans_the_crypto) June 18, 2022
In some multi-sig designs, the limit is even higher: the crypto segment knows 6/7 and 7/8 multi-sig wallets. Mithril multi-sig architecture advances this procedure: it allows users to consider the...
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