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H2K Lite
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Top Questions
What is H2K Lite?
H2K Lite is a convenient version of H2K for web browsers. You can use it on any device by opening a special link: https://my.h2k.me/.
What are signatories needed for?
Signatories are needed to ensure security and control over transactions or documents. When using a multi-signature wallet, all signatories must confirm the transaction or operation before it is executed.
How does a multi-signature wallet work?
The functionality of a multi-signature wallet is based on cryptographic technology. When a user initiates a transaction, it is sent to the multi-signature wallet, and all signatories must confirm their identity using their unique one-time codes. When the required number of signatories confirms the operation, the transaction is executed.
What is the fee in H2K Lite?
In H2K Lite, the fee for transfers from multi-signature wallets is 0.09% of the transfer amount, but not less than $1 and not more than $999.
Signatories and Multi-Signature
Who are the signatories?
Signatories are individuals who have the authority to sign transactions.
How do you choose signatories?
The selection of signatories depends on specific needs and goals. Often, trustworthy and reliable individuals or participants who can fulfill their duties responsibly are chosen.
What is a multi-signature wallet?
A multi-signature wallet (also known as a wallet with multiple signatories) is a special type of cryptocurrency wallet that requires confirmation of a transaction by multiple signatories before an operation is executed.
How to create a multi-signature wallet?
Instructions for creating a multi-signature wallet can be found on our YouTube channel, link to the video: https://youtu.be/qdZNwXHa1Cw. Timestamp - 02:32 (Creating a Multi-Signature Wallet in H2K Lite)
How many signatories can a multi-signature wallet have?
The number of signatories in a multi-signature wallet can vary depending on user settings and needs. In our service, this number ranges from 1 to 9.
What's the difference between a multi-signature wallet and a regular one?
The main difference between a multi-signature wallet and a regular one is that multiple signatories' agreement is required to perform operations with a multi-signature wallet. This increases security and protects against unauthorized transactions or access to funds. In a regular wallet, usually, a single signature is sufficient to perform operations.