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  3. Bitcoin transfer safety checks

Bitcoin transfer safety checks

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  • SelquiS
    SelquiS
    Selqui
    wrote last edited by
    #1

    BTC_UFO.jpg

    We have already showed how using multiple nodes with MPC is good for BTC custody, but here is how Multi-Party Agent Wallet's built-in AI agent can prevent a transfer nightmare.

    Optionally use a pruned Bitcoin Core blockchain on your node for extra security. MPA Wallet makes this easy to add this if you have 100GB of space.
    Prompt: "Send Tom 0.1 BTC using extra security".

    On EVERY node involved, even without Bitcoin Core, the AI agent will check the address you are sending to, ideally one stored as a Contact on your node, to make sure the amount and recipient have not changed. If you do not trust any third party bitcoin node, then host a Bitcoin Core yourself on one of the nodes in the signing set. Then the agent also checks that there can be no conflicting spend (forces re-broadcasting if necessary). On Execute, the signed transaction is submitted through that Bitcoin Core. The payment is recorded as sent only after the transaction is in that node’s mempool or already confirmed, and the recorded transaction id matches the signed transaction.
    If anything is wrong IT STOPS.

    Multiple signing parties + AI checks against your local Bitcoin chain set.

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