Orochi Network is the first infrastructure to provide Verifiable Computation for decentralized gaming, metaverse, among other several functions. We aim to solve the three key challenges in the industry, including computation limitation, data correctness and data availability. Orochi Network allows expensive computation to be processed and verifiable with the SNARK proof. Besides, it also provides new abilities for all applications to access real-world data directly from the runtime. It not only eliminates third-party trust permanently but also guarantees high performance and low latency. With Orochi Network, we can scale smart contracts execution and develop high-performance dApp for the first time.
Orosign is a Self-Managing Mobile App For Digital Assets that serves as an interface of Orochi Ecosystem, which can integrate multiple games and native decentralized applications. Orosign allows users to interact with all applications on Orochi Computation Layer and empowers customers to organize and manage their digital assets. Orosign is designed for ease of use, even for non-crypto users. You can send, receive or store various cryptocurrencies and digital assets safely and securely with Orosign mobile app.
Currently, Orosign allows customers to create their own multisignature wallet with minimal cost as well as customize smart contracts to meet their own expectations. Off-chain signing and verification are used to secure the signing process. All proofs are verified independently with secp256k1, which is the most widely used elliptic curve in the blockchain space, thanks to its 256 bits security level. Thus, the fund is safe as long as the majority of private keys are safe.
Orosign multi-signature wallet is a feature that needs multiple private keys to sign a transaction in order to transfer money out of it. In simple explanation, you can think of a treasure that has two locks and two keys. One key is held by you and the other is held by your friend. The only way you can unlock the box is by simultaneously using both of the keys. Therefore, neither you nor your friend can do it alone. In essence, only 2 or more signatures are required to access the assets held on Orosign multi-signature wallets. Consequently, using Orosign multisig wallet enables you to increase the security of your funds.
Multisig stands for “multi-signature”, a specific kind of digital signature that enables two or more people to sign documents collectively. As a result, a multi-signature is created by fusing several distinct signatures. The majority of Multisig use case are often tied to security issues
Signer: The member that having singing right, recommend for all the board members/ who has voting right Admin: The highest role of the team, recommend for founder/ who has highest decission making in the team Observer:
Network fees are the fees charged by a blockchain network to execute and validate transactions on that blockchain network. You will need to pay network fees in order to conduct transactions.
The pending transactions can be due to several reasons. However, in most cases, if your transaction is pending when using Orosign Multisig Wallet, it may be attributed to the numbers of approvers required for the transaction. You need to get the required number of transaction signatures in order for it to proceed.
You can set the role for your multisig wallet in the 'Create Multisig Wallet' interface. Simply input the address of the participants you want to add to the wallet and assign permission.
Currently, Orosign Multisig Wallet allows you to created unlimited signatures for a multisignature transaction. You can create as many signatures as you want.
Once you have your Multisig Wallet set up, you won't be able to change the role associated with the wallet. In case you want to modify the role associated with the wallet, you will need to set up a new Multisig Wallet
There are lots of multisig wallet types for two copayers:
1 of 2: A single signature is all that is necessary to sign a transaction. A proposal does not require the signature of either of the copayers. With just one recovery phrase, the wallet can be recovered
2 of 2: To send a transaction, two signatures are needed. A copayer must wait for the other copayer's approval before creating a transaction proposal. Two recovery phrases are necessary in this wallet arrangement in order to restore the wallet. The wallet and cash are lost if one device is lost or stolen and you do not have that copayer's recovery phrase.
2 of 3: Two signatures and three copayers are necessary. When there is a chance of losing one of the devices, this wallet design emerges as a good choice because it includes an additional recovery phrase that is safely stored independently. Additionally, 2-4 might be a wise choice.
A multisig wallet increases the security of your wallet by requiring multiple signatures to sign a transaction. If you demand at least two signatures, even if an attacker got their hands on one copayer's device, they wouldn't be able to use the money in your wallet. However, bear the following in mind:
* Every time you want to sign a transaction, it requires signature from the required number of copayers
* You'll need several recovery phrases in order to get your wallet back.
Sadly, there is no way to get the wallet back in this situation. The wallet must be recovered using both recovery phrases.
To transfer payments, a different and distinctive signature from each copayer is required. This means that using several copies of the same copayer wallet does not help because they both provide the same signature. If you misplace any recovery phrases for a multisig wallet (such as 2-2), you will no longer be able to access the wallet's money.