Someone asked: What is a multisig wallet, and how is it different from a regular wallet?
My answer: A multisig wallet requires at least m of its n private keys to sign together before assets can be moved. It’s usually written as m-of-n, for example, 2-of-3. Multisig can’t protect you if all the signers make the same mistake: if everyone approves without checking the transaction details, even a high threshold won’t help.
$BTC 80619.15 (+0.96%)
What would you like to hear about next time? Smart contracts, or something else?
Your money, your call.
My answer: A multisig wallet requires at least m of its n private keys to sign together before assets can be moved. It’s usually written as m-of-n, for example, 2-of-3. Multisig can’t protect you if all the signers make the same mistake: if everyone approves without checking the transaction details, even a high threshold won’t help.
$BTC 80619.15 (+0.96%)
What would you like to hear about next time? Smart contracts, or something else?
Your money, your call.