A completely new multisig for the best security. Everscale core update

A multisig wallet is secured by a form of digital signature that is generated by multiple signers who are part of a certain trusted circle. This allows a group of people to jointly manage funds in the same wallet.

When you create multisig wallets, you can set both the total number of signers and the number of signers needed to confirm transactions. This allows you to create an Escrow account, which is designed to ensure that the transaction terms are fulfilled.

Recently, the Everscale core team rewrote the multisig code from scratch. This will help achieve better security and code consistency.

The previous version of the multisig code did its job well: there were no critical errors, but it was written a couple of years ago on a very old version of the compiler. The old multisig was formally verified and didn’t cause any serious problems; however, it was complicated for audit companies to verify smart contracts, as formal verification wasn’t possible for the old version.

Now, the new multisig code is formally verified, has been through several iterations of tests and code corrections, and is already in production. It’s also got a new feature — deployment with internal messages.

Multisig accounts are an essential infrastructure element in a decentralized system — DAOs, treasuries, or enterprises can not be built without them.

The old multisig can be updated with the new code, and some wallets’ developers are already updating it (for example, the Ever Surf team). Everscale users don’t need to update the old version of multisig; however, if you’d like to do it manually, please refer to our Discord or Telegram chat for guidance.

You can also watch our YouTube video to find out more about multisig accounts on Everscale.

The multisig code is in the following GitHub repository: https://github.com/EverSurf/contracts/tree/main/multisig2

About the Everscale network

Everscale is one of the most technologically advanced blockchain networks, incorporating all of the blockchain innovations and concepts of recent years. Its versatility gives it the potential to become a decentralized hub for lots of blockchains and resource-demanding applications such as GameFi, DeFi, supply chains, etc. Due to its dynamic multithreading and sharding technology, there’s always more room to add new nodes and shards to handle any load — and that’s something that no other blockchain can offer yet.

Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, and a range of decentralized browsers and wallets.

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