Bitcoin Wallet Ledger Adds Support for PSBTs, Multisig



Ledger has launched the latest version of its Bitcoin application, adding support for partially-signed bitcoin transactions (PSBTs), data Merkleization, and new wallet policies, the company said in a statement. The update enables users to create secure multisignature setups with their Ledgers and for Taproot use cases to come in the future.

“In order to reach a billion users, it is imperative that we make the technology both easier to use and more robust, and to do this we must give users the tools to be sovereign individuals, in control of their assets,” the statement said.

Ledger hardware wallets require users to install specific applications to use their cryptocurrency of choice. The Bitcoin app enables the Ledger Nano to sign bitcoin transactions offline and engage with the user’s desktop software wallet. It can interface with Bitcoin Core, privacy-focused Wasabi Wallet, and Ledger’s own Ledger Live, among others.

In adding support for PSBTs and wallet policies based on output script descriptors, Ledger can now “define, work with, and create workflows for wallets with complex policies that might involve multiple parties (like multisig wallets), and to stay interoperable with software and hardware tools from different vendors,” per the statement. And the addition of data Mekleization, along with Merkle proofs, empowers the usage of PSBTs by increasing efficiency and enabling the wallet maker to work with large amounts of data objects without storing them in memory.



Source link Bitcoin Magazine

Be the first to comment

Leave a Reply

Your email address will not be published.


*