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Multi-Sig Wallets
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.