Why do several people have to sign off on a transfer of team funds?
Multisig wallets are worth understanding.
Multisig splits up single points of failure: if one private key is stolen, the assets can’t be transferred immediately, and no single signer can transfer the assets alone.
Have multiple parties cross-check the information before making a decision—don’t just take one person’s word for it.
Corresponding coin: $BTC Current price: 82446 (24h +0.43%).
Multisig wallets are worth understanding.
Multisig splits up single points of failure: if one private key is stolen, the assets can’t be transferred immediately, and no single signer can transfer the assets alone.
Have multiple parties cross-check the information before making a decision—don’t just take one person’s word for it.
Corresponding coin: $BTC Current price: 82446 (24h +0.43%).