Can we stop tying asset security to a single private key?
First, a definition: Project treasuries and crypto exchanges’ cold wallets often use multisig to safeguard funds and prevent any one person from transferring them without authorization.
The trade-off: multisig is less convenient to use. Every transfer needs enough signatures, and executing a multisig contract on Ethereum also costs more gas than a regular transfer.
The coin mentioned in this article: $BTC . Current price: 82,229.86, up 0.12% in 24 hours.
Treat any “tech support” that contacts you first as suspicious. Legitimate platforms will never ask for your seed phrase.
First, a definition: Project treasuries and crypto exchanges’ cold wallets often use multisig to safeguard funds and prevent any one person from transferring them without authorization.
The trade-off: multisig is less convenient to use. Every transfer needs enough signatures, and executing a multisig contract on Ethereum also costs more gas than a regular transfer.
The coin mentioned in this article: $BTC . Current price: 82,229.86, up 0.12% in 24 hours.
Treat any “tech support” that contacts you first as suspicious. Legitimate platforms will never ask for your seed phrase.