📜Coding Example

Here is a simplified Python implementation for managing a transaction that requires multi-signature approval in a cold storage setup:

Python

class ColdStorage:
 def __init__(self, cold_wallet, hot_wallet, amount):
 self.cold_wallet = cold_wallet
 self.hot_wallet = hot_wallet
 self.amount = amount
 self.approved = False
 def request_signature(self, wallet):
 # Simulate signature approval
 print(f"Requesting signature from {wallet}")
 return True
 def initiate_transaction(self):
 cold_signature = self.request_signature(self.cold_wallet)
 hot_signature = self.request_signature(self.hot_wallet)
 if cold_signature and hot_signature:
 self.approved = True
 self.complete_transaction()
 else:
 print("Transaction not approved.")
 def complete_transaction(self):
 if self.approved:
 print(f"Transferring {self.amount} from cold storage to hot
wallet.")
 else:
 print("Transaction failed.")
# Example usage:
# Initialize a cold storage transaction
transaction = ColdStorage("ColdWallet", "HotWallet", 10)
transaction.initiate_transaction()