Wallet basics
Multi-signature (P2SH)
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Multi-signature (P2SH)

Cancoin

Cancoin wallets use multi-signature (P2SH) transaction signing that uses multiple private keys (signatures) to unlock your bitcoins and send them. Using a multi-signature wallet creates a decentralized signing process and 'no single point of failure' security.

Cancoin controls a signing (private) key on our Ledger Hardware Security Module (HSM) secured servers, and the user controls a signing (private) key that is privately backed up or secured. A transaction can be made only when these two keys are combined and sent, ensuring total security for the user.

 

To learn more about multi-sig (P2SH), click here.

To learn more about Ledger HSMs, click here.