Multisig Wallet Operations FAQ

Why do I need to log in to Matrix?

Nova Spektr uses Matrix to share multisig account information and multisig transaction information (including call data) with other signatories. Signing in to Matrix is the easiest way to share this information with your fellow signatories, as all the necessary information will be automatically shared.

I created a multisig account but other signatories haven't got the invite. What may be wrong?

Please ask signatories to check if signatories’ Nova Spektr instance is logged into the Matrix. They may use the steps from the Spektr Matrix Protocol.

Call data isn't shared with other signatories. What may be wrong?

Please ask signatories to check if signatories’ Nova Spektr instance is logged into the Matrix. They may use the steps from the Spektr Matrix Protocol. Also please make sure that signatories use Nova Spektr but not any other application that allows them to make multisig operations.

How much multisig account creation costs?

Multisig account creation is free. You don't have to pay any fee or reserve a deposit.

What is a multisig operation deposit?

The multisig operation deposit is an amount of tokens that stays locked on the signatorie’s account until the multisig operation is executed or cancelled. The amount of deposit is different from network to network and depends on the network settings.

What is call data and what if it’s missing?

The call data is an encoded operation that will be executed when a multisig operation is signed. The network doesn’t store the call data, it stores the call hash only. The call data has to be provided by the signatory which makes a final signing so that the network will execute this operation.

What is Unknown multisig operation?

If the multisig operation was created outside the Nova Spektr then the Nova Spektr won't be able to decode it and recognise the type of the operation. In that case, the operation will be shown as an Unknown operation.

An Unknown operation may be signed, cancelled and executed as all other multisig operations.

What is Established multisig operation status?

If the multisig operation was signed outside the Nova Spektr then the Nova Spektr won't be able to recognise the outcome of the multisig operation. The multisig operation may be failed, be executed or be cancelled. You can check the operation in the block explorer in order to get the multisig operation execution result.