A newcomer asked me about this a couple of days ago, so I thought I’d put together a quick explanation.
A multisig wallet requires at least m out of n private keys to sign together before assets can be transferred. This is usually written as m-of-n, for example, 2-of-3.
Multisig can’t protect you if all the signers are tricked: if everyone confirms without carefully checking the transaction details, even a high threshold is no use.
Today’s price: $BTC . Current price: 72,940.78, 24h: -1.28%.
If you get it, leave a comment. If not, ask away in the comments.
A multisig wallet requires at least m out of n private keys to sign together before assets can be transferred. This is usually written as m-of-n, for example, 2-of-3.
Multisig can’t protect you if all the signers are tricked: if everyone confirms without carefully checking the transaction details, even a high threshold is no use.
Today’s price: $BTC . Current price: 72,940.78, 24h: -1.28%.
If you get it, leave a comment. If not, ask away in the comments.