diff --git a/pkg/smartcontract/contract.go b/pkg/smartcontract/contract.go
index 0de8ade41..e413c7c07 100644
--- a/pkg/smartcontract/contract.go
+++ b/pkg/smartcontract/contract.go
@@ -41,7 +41,7 @@ func CreateMultiSigRedeemScript(m int, publicKeys keys.PublicKeys) ([]byte, erro
 // using publicKeys length with the default BFT assumptions of (n - (n-1)/3) for m.
 func CreateDefaultMultiSigRedeemScript(publicKeys keys.PublicKeys) ([]byte, error) {
 	n := len(publicKeys)
-	m := n - (n-1)/3
+	m := GetDefaultHonestNodeCount(n)
 	return CreateMultiSigRedeemScript(m, publicKeys)
 }
 
@@ -52,3 +52,9 @@ func CreateMajorityMultiSigRedeemScript(publicKeys keys.PublicKeys) ([]byte, err
 	m := n - (n-1)/2
 	return CreateMultiSigRedeemScript(m, publicKeys)
 }
+
+// GetDefaultHonestNodeCount returns minimum number of honest nodes
+// required for network of size n.
+func GetDefaultHonestNodeCount(n int) int {
+	return n - (n-1)/3
+}