MetaMultisigWallet

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  MetaMultisig Demo

Team

Nick Johnson and Radek Ostrowski

Problems

• Current multisig wallets code is complex, people are afraid to touch it.
• Every signatory is deeemed equal, not the case in real businesses.
• Every confirmation from the signatories needs to be on-chain, therefore using more gas and being more expensive.
• The signatories don't clearly see what they are signing, so there is a scope for fraud.
• Also, there is a coordination overhead in getting any transaction multi-signed.
• Lastly, ENS is not supported.

Solution

MetaMultisigWallet uses off-chain message signing for scalability, meta transactions and (de)centralised api.

• Simple code, meaning less chances for exploits and easier to audit.
• Every signatory can be assigned a weight - business ready out of the box!
• Scalable solution, as only one transaction needs to go on-chain. None of the signatories are required to have ether in their account, as they are only used for signing the messages.
  
• Anyone can send the transaction to the network as a meta transaction, collecting all the required signatures off-chain and the validation happens on-chain.
• All the required signatories can get notifications (e.g. via email, push notification) about pending transactions which require their attention.
• ENS support for all addresses.

Built With

• dapp
• ens
• ethereum
• javascript
• solidity