Angor on Nostr: You may be wondering how you are protected as an investor? 🤔 One of the way is to ...
You may be wondering how you are protected as an investor? 🤔
One of the way is to implement 2-of-2 multisig setup for revocation.
With 2-of-2 multisig both the project creator and a trusted party hold a key. This setup adds an extra layer of security, making sure funds are handled transparently and responsibly. If the project doesn’t go as planned or if issues arise, either party can step in to protect the funds, ensuring backers have a say in the outcome. Investors can revoke the funds without the project creators approval. It’s crowdfunding, but with a strong, trust-minimized safety net.
Hopefully all projects will goes as planned 😊
#nostr #angor #bitcoin
One of the way is to implement 2-of-2 multisig setup for revocation.
With 2-of-2 multisig both the project creator and a trusted party hold a key. This setup adds an extra layer of security, making sure funds are handled transparently and responsibly. If the project doesn’t go as planned or if issues arise, either party can step in to protect the funds, ensuring backers have a say in the outcome. Investors can revoke the funds without the project creators approval. It’s crowdfunding, but with a strong, trust-minimized safety net.
Hopefully all projects will goes as planned 😊
#nostr #angor #bitcoin