BEP38: Non-interactive Multi-Signature Wallet.

[canyateam]

Non-interactive Multi-Signature Wallet.

This BEP describes a new feature that builds on the multi-signature module that is part of the Cosmos Gaia mainnet.
The essence of this feature is that there is no interactivity required in the use of the multi-signature, and is closer in function to the Etheruem Gnosis Multi-signature.

Overview

The non-interactive version of this described in this BEP instead uses Blockchain key-value store to store a basic amount of state that outlines the multi-signature account.
The result of this is that parties do not need to cooperate or interact and instead can sign the wallet independently and at different times.
Additionally state-less wallet interfaces can be built that connect to Binance Chain with nothing but a connected wallet.

This is a substantially better user experience, as shown in this demo video:

DEMO VIDEO

SOURCE CODE

Motivation

While offering a far better user experience, this BEP is important because it lays the groundwork for the following modules that are under design by the CanYa RnD team:

• Escrow Module: Escrow funds between parties
• Hedged Escrow Module Escrow and hedge funds between parties.

These modules are important for increased utility and useability of Binance Chain.

[brilliant-lx]

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