Multisignature crypto wallet

multisignature crypto wallet

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  • multisignature crypto wallet
    account_circle Mazutaur
    calendar_month 08.08.2020
    To me it is not clear
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Multi-signature crypto wallets that require two or more people to approve an outward transaction lend increased security for crypto assets, but they also require greater technical knowledge to establish. Compared to single-key storage, it takes considerably longer and requires more coordination to recover funds stored in a multisig wallet. Multi-signature wallets simply put that private key behind an additional set of passwords that requires two or more people to enter. Key Takeaways Multi-signature, or "multi-sig," cryptocurrency wallets require two or more people to vouch for an outgoing transaction. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated.