Multi-Sig Wallets: Multi-Signature (Multi-Sig) wallets require multiple private keys to authorize a transaction. Typically, a Multi-Sig wallet is configured with a threshold, such as ”2-of-3” or ”3-of-5,” meaning that a specific number of signatures out of the total keys are required to sign and execute a transaction. Multi-Sig wallets are popular in scenarios where enhanced security is needed, such as corporate treasury management or shared control over funds in a decentralized organization. The keys are held by different individuals or entities, ensuring that no single party can unilaterally control the assets.