Difference between revisions of "Multisig"
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* Avoiding a single-point of failure, making it substantially more difficult for the wallet to be compromised. | * Avoiding a single-point of failure, making it substantially more difficult for the wallet to be compromised. | ||
* <var>m</var>-of-<var>n</var> backup where loss of a single seed doesn't lead to loss of the wallet.<ref>https://en.bitcoin.it/wiki/Multi-signature</ref> | * <var>m</var>-of-<var>n</var> backup where loss of a single seed doesn't lead to loss of the wallet.<ref>https://en.bitcoin.it/wiki/Multi-signature</ref> | ||
== References == | |||
<references /> | |||
[[Category:Glossary]] | |||
Latest revision as of 01:51, 11 May 2022
Multi-signature (multisig) refers to requiring multiple keys to authorize a transaction on a blockchain rather than a single signature from one key. It has a number of applications.
- Dividing up responsibility for possession of tokens among multiple people.
- Avoiding a single-point of failure, making it substantially more difficult for the wallet to be compromised.
- m-of-n backup where loss of a single seed doesn't lead to loss of the wallet.[1]