🗒️ Wallets & Security | Multi-Signature Wallets
· What it is: On Ethereum, a multi-signature wallet is generally a smart contract, with the signer list and signature threshold defined in the contract.
· How it works: Multi-signature wallets reduce single points of failure: a leaked private key alone won’t directly result in assets being transferred, and no individual signer can transfer assets on their own.
· Practical tip: Once your multi-signature wallet is set up, you can run through the signing process with a small amount first to make sure every signer knows how to use it.
$BTC 82269.99(+1.28%)
#BTC
· What it is: On Ethereum, a multi-signature wallet is generally a smart contract, with the signer list and signature threshold defined in the contract.
· How it works: Multi-signature wallets reduce single points of failure: a leaked private key alone won’t directly result in assets being transferred, and no individual signer can transfer assets on their own.
· Practical tip: Once your multi-signature wallet is set up, you can run through the signing process with a small amount first to make sure every signer knows how to use it.
$BTC 82269.99(+1.28%)
#BTC