This article discusses the nature of multisig electronic awards and their differences from traditional paper awards, emphasizing their self-enforcing nature. It raises concerns about the legal recognition of multisig transactions, particularly the ability of courts to challenge and potentially reverse these transactions despite their irreversible code-level execution. The discussion includes the conditions required for funds to be released from multisig accounts and positions multisig as a unique contract in itself, separate from any underlying agreements between parties involved.
Multisig e-awards are self-enforcing and distinct from traditional awards; they execute once signature thresholds are met, but their legal recognition remains questionable.
The challenge lies in whether multisig transactions can be recognized as binding awards, potentially allowing for court reversals despite code-level non-reversibility.
Collection
[
|
...
]