Hierarchy multisignature wallets

Introduction

1 Description multisignature wallet

  1. the constructor accepts the addresses of the founding participants and the number of mandatory minimum confirmations for the execution of transactions

2 Ways of constructing hierarchy wallets

3 Interface hierarchy multisignature wallets

  1. The constructor takes the address of the parent wallet, the addresses of the founding members, the number of mandatory minimum confirmations for the transactions, the standard time for automatic acknowledgments in seconds

4. Flows interactions

  1. Standard. This kind of transaction takes place automatically. Without the participation of authorized participants wallets hierarchy.
  2. Protected. In this form, the transaction may be increased from the standard time for automatic acknowledgment to the time necessary. In this case, the participation of authorized participants wallets hierarchy in the process is mandatory.
  3. Controversial. In this kind of transaction a participant may freeze a transaction. In this case, the participation of authorized participants wallets hierarchy wallets for consensus building is mandatory.

4.1 Standard interaction flow

4.2 Protected interaction flow

4.3 Disputed flow interaction

5 Protocol ESCB9

6 Integration trust system and smart contracts ESCB9 implementing protocols

7 Examples of contracts that are implemented ESCB9

7.1 Smart contract for the rental market of private real estate, following the example of AirBnb

7.2 Smart contract for the exchange of any cryptocurrency for fiat money and back, in decentralized mode

8 Arbitration nodes

9 Developing our own network for the trust system

10 Glossary

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The aim of the project is to create an EscrowBlock escrow platform for the Ethereum network blockchain.

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Team Escrowblock

Team Escrowblock

The aim of the project is to create an EscrowBlock escrow platform for the Ethereum network blockchain.

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