What Are Multi-Signature Wallets?
Adekunle Joshua
Multi-Signature wallets add an extra layer of security to your crypto tokens
Multi-sig wallets require multiple signatures to authorize a transaction
In the crypto world, multi-sig wallets work similarly to a joint bank account, requiring signatures from all account holders
These wallets involve two or more private keys held by different account holders
Multi-sig wallets prevent single points of failure; even if one key is compromised, the funds remain secure.