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You're reading from  Mastering Blockchain Programming with Solidity

Product typeBook
Published inAug 2019
Reading LevelIntermediate
PublisherPackt
ISBN-139781839218262
Edition1st Edition
Languages
Solidity
Tools
Blockchain
Concepts
Blockchain
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Author (1)
Jitendra Chittoda
Jitendra Chittoda
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Jitendra Chittoda

Jitendra Chittoda is a blockchain security engineer at ChainSecurity. His day job is to perform security audit on smart contracts and expose security vulnerabilities in Solidity and Scilla contracts. He has also developed a non-custodial, decentralized, P2P lending contracts for ETHLend. The Solidity contracts that he has developed or audited handle over $100 million worth of cryptoassets. He also served as a tech and security advisor in various ICO projects. Before finding his passion for blockchain, he coded in Java for over 11 years. He is the founder and leader of Delhi-NCR-JUG, a non-profit meetup group for Java. He holds a master's degree in computer applications and is regularly invited as a speaker at various conferences and meetups.
Read more about Jitendra Chittoda

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Summary

In this chapter, we looked into one of the most well-known and battle-tested multisig: the ConsenSys multisig wallet. We learned how multiple owners can control a multisig contract and send ETH from a contract to another account. We also looked into how you can allow a multisig to maintain ownership or the role of a target contract. Every transaction on a multisig needs to have multiple signatures in order to be executed, which improves the security of the contract or funds. There are a few other multisig wallets available, but, at the time of writing, the ConsenSys multisig wallet seems to be one of the safest.

We also understood that, along with the fund's safety, multisig wallets can also be used for maintaining ownership access rights. These improve the multi-level security of your funds and access controls. It is always recommended to use multisig wallets...

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Mastering Blockchain Programming with Solidity
Published in: Aug 2019Publisher: PacktISBN-13: 9781839218262
© 2019 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Jitendra Chittoda

Jitendra Chittoda is a blockchain security engineer at ChainSecurity. His day job is to perform security audit on smart contracts and expose security vulnerabilities in Solidity and Scilla contracts. He has also developed a non-custodial, decentralized, P2P lending contracts for ETHLend. The Solidity contracts that he has developed or audited handle over $100 million worth of cryptoassets. He also served as a tech and security advisor in various ICO projects. Before finding his passion for blockchain, he coded in Java for over 11 years. He is the founder and leader of Delhi-NCR-JUG, a non-profit meetup group for Java. He holds a master's degree in computer applications and is regularly invited as a speaker at various conferences and meetups.
Read more about Jitendra Chittoda

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