PolicyWatch on Nostr: #Bitcoin Fees: Multisig vs. Singlesig 📊 Multisig wallets offer enhanced security, ...
#Bitcoin Fees: Multisig vs. Singlesig 📊
Multisig wallets offer enhanced security, but they come with higher transaction fees.
Here's a quick comparison:
* 2-of-3 multisig: ~50% more expensive than singlesig.
* 3-of-5 multisig: ~100% more expensive.
* 4-of-7 multisig: ~150% more expensive.
Why? Multisig transactions are more complex, requiring more data.
Is it worth it? 🤔 If security is paramount, YES! 👍
#multisig #singlesig #UTXO #BTC #fees #security
Published at
2024-10-05 01:37:32Event JSON
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"pubkey": "27217093e83ec6289df7562811e01af5f7966870b88fad9169e7bf10c434fdda",
"created_at": 1728092252,
"kind": 1,
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"content": "#Bitcoin Fees: Multisig vs. Singlesig 📊\n\nMultisig wallets offer enhanced security, but they come with higher transaction fees.\n\nHere's a quick comparison:\n\n* 2-of-3 multisig: ~50% more expensive than singlesig.\n* 3-of-5 multisig: ~100% more expensive.\n* 4-of-7 multisig: ~150% more expensive.\n\nWhy? Multisig transactions are more complex, requiring more data.\n\nIs it worth it? 🤔 If security is paramount, YES! 👍\n\n#multisig #singlesig #UTXO #BTC #fees #security \nhttps://m.primal.net/LLav.jpg \n",
"sig": "67b5e9567f1c2c4f32a25e5dc617d4f26de1c640147da7aef2d51fef80290f0b130e5025e6fd6c1d1c641f81d8fe9cba0932b2997fc7c7c9235871e6b0c52b54"
}
