What is a multisig wallet? How is it different from a regular wallet? Don’t worry, your class study rep is here:
A multisig wallet on Ethereum is usually a smart contract, with the list of signers and the signature threshold recorded in the contract.
The trade-off is that multisig transactions are more complex: every transfer requires collecting signatures, and executing a multisig contract on Ethereum also costs more Gas than a regular transfer.
When I first got into crypto, I thought all I needed was to understand candlestick charts. Turns out, the basics are lesson one.
$BTC 82994.01 (+0.97%)
A multisig wallet on Ethereum is usually a smart contract, with the list of signers and the signature threshold recorded in the contract.
The trade-off is that multisig transactions are more complex: every transfer requires collecting signatures, and executing a multisig contract on Ethereum also costs more Gas than a regular transfer.
When I first got into crypto, I thought all I needed was to understand candlestick charts. Turns out, the basics are lesson one.
$BTC 82994.01 (+0.97%)