Multisig: Sending funds with StellarTerm and confirming the transaction with two LOBSTR Vault signers

Modified on Tue, 02 Aug 2022 at 11:45 AM

This video showcases the sending of funds with StellarTerm client and confirmation of the payment transaction by two LOBSTR Vault signers on separate mobile devices.

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 account with two LOBSTR Vault signers. Two additional signatures, one from each signer, are required for a transaction to occur.

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

Thereafter the transaction is confirmed by both signers and submitted to the Stellar network.

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