Multisig Wallet definition
Definition
Wallet requiring multiple signatures to authorize a transaction
Used for shared custody in businesses or DAOs, multisig like 2-of-3 setups add security layers, mitigating single-point failures in key management. Multisig Configurations: 2-of-3: Common for personal/family. 3-of-5: Business/DAO standard. M-of-N: Flexible, up to 15 keys. Platforms: Gnosis Safe (Ethereum), Electrum (Bitcoin), Casa (multi-chain).
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