Multisig Wallet Quorum & Transfer - Contracts, Migrations, and Tests

What type of dapp is this?

A multi-signature wallet crypto wallet that runs on an Ethereum based blockchain.

Demo

What technolgies were used to build and test this dapp ?

• React
• Node
• JavaScript
• Solidity
• CSS
• Material UI
• Truffle

How does the wallet work?

• The MultiSig Quorum & Transfer MVP is a 2-of-3 signature address application.
• Each address that is apart of the quorum can create a transfer by specifying an amount and a recipient.
• Each approved address can also authorize a transfer.
• Each transfer needs two approvals to release and send a payment.
• Any unauthorized address that attempts to perform the actions of a member will be denied

Why are Multi-Sig wallets important?

• Funds stored in a multi-sig wallet can be moved only if the multiple signatures are provided at the same time.
• Each signature is generated through the use of a different private keys and designated the right to approve or propose and approve transactions and transfers of funds.
• The most common signature combination is 2-of-3. It means only two signatures are enough to access or perform an operation on the funds of a 3-signature address.

What is a Quorum?

The minimum number of designated addresses that must approve a transfer before it can be sent to a recipient.