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Multisig wallets are Cardano wallets capable of providing and tracking keys involved in multi-parties transactions. Such transactions are used to move funds from addresses where (typically) more than one user must sign transactions for its funds to be spent. A simple analogue is a joint bank account where two account holders must approve withdrawals from the account. Cardano has native support for multi-signature schemes: funds at a multi-signature script address are owned by a monetary script, which specifies one or more combinations of cryptographic signatures which must be present to unlock funds at the address (see the [Shelley Ledger Spec, figure 5][delegation_design.pdf]. In a similar fashion, Cardano multisig scripts can also be used to capture stake rights on a particular address, shared between different parties.
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Multisig wallets are Cardano wallets capable of providing and tracking keys involved in multi-parties transactions. Such transactions are used to move funds from addresses where (typically) more than one user must sign transactions for its funds to be spent. A simple analogue is a joint bank account where two account holders must approve withdrawals from the account. Cardano has native support for multi-signature schemes: funds at a multi-signature script address are owned by a monetary script, which specifies one or more combinations of cryptographic signatures which must be present to unlock funds at the address (see the [Formal Ledger Spec, Figure 4: Multi-signature via Native Scripts][ledger-spec.pdf]). In a similar fashion, Cardano multisig scripts can also be used to capture stake rights on a particular address, shared between different parties.
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In the Shelley era, Cardano offers six (partially overlapping) primitives for constructing monetary scripts which are summarized as the following grammar:
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# Related Work
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Description | Link
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--- | ---
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BIP-0032 - HD Wallets | https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
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CIP-5 - Common Bech32 Prefixes | https://github.com/cardano-foundation/CIPs/tree/master/CIP5
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CIP-1852 - Cardano HD Wallets | https://github.com/cardano-foundation/CIPs/tree/master/CIP1852
BIP-0032 - HD Wallets | https://github.com/bitcoin/bips/blob/master/bip-0032.mediawiki
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CIP-5 - Common Bech32 Prefixes | https://github.com/cardano-foundation/CIPs/tree/master/CIP5
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CIP-1852 - Cardano HD Wallets | https://github.com/cardano-foundation/CIPs/tree/master/CIP1852
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A Formal Specification of the Cardano Ledger | https://hydra.iohk.io/job/Cardano/cardano-ledger-specs/shelleyLedgerSpec/latest/download-by-type/doc-pdf/ledger-spec
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