Multi-Signature
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Revision as of 06:09, 13 October 2022 by Grand Master Pepe (talk | contribs)
"A multi-sig wallet is a crypto wallet owned by multiple people. It could be three, five, or even ten. In order to move any of the money within that multi-sig wallet, you need majority consensus among its many owners. This type of wallet is what many large DAO treasuries use. You don’t want one person to have the ability to run off with a treasury’s funds—not very decentralized. Hence: multi-sig to limit the risk."
- Multisig, M-of-N, Multisig Output
- A pubkey script that provides n number of pubkeys and requires the corresponding signature script provide m minimum number signatures corresponding to the provided pubkeys.
