From CryptoWiki

(Redirected from Multisig)

"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."