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What is a multisig wallet?

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A multisig wallet, short for multi-signature wallet, is a type of cryptocurrency wallet that requires more than one signature to authorize a transaction. It adds an extra layer of security by requiring multiple private keys to approve a transaction before it can be executed. This is often used by organizations, groups, or individuals who want to have shared control over their funds and reduce the risk of unauthorized transactions.
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A multisig wallet, short for multi-signature wallet, is a type of cryptocurrency wallet that requires multiple private keys to authorize a transaction. This provides an extra layer of security as multiple parties have to approve a transaction before it can be executed, making it less vulnerable to hacking or unauthorized access.

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