Multisig: Sending funds with LOBSTR mobile app and confirming with LOBSTR Vault

Modified on Tue, 30 Apr 2024 at 12:26 PM

This video showcases the sending of funds with LOBSTR mobile app and confirmation of the payment transaction with LOBSTR Vault signer app.

Multisignature (or “multisig”) concept presumes that account requires two or more secret key signatures before allowing a transaction to occur on the account.

For this demo, we've used multisig Stellar wallet with LOBSTR Vault signer. An additional signature from this signer is required for a transaction to occur.

As you can see, the outgoing transaction created with LOBSTR app appears in LOBSTR Vault almost instantly.

Thereafter the transaction is confirmed and submitted to the Stellar network.

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