Multi Signature (MultiSig)

What is multi signature (MultiSig)?

Multi Signature (MultiSig) Definition: While standard Bitcoin transactions require a single signature, multiple signature or multi-signature transfers are essential for increasing security when accessing an account.

Multi-signatures are familiar with joint accounts, where two or more people must provide authorization before a transaction can be processed. These parties can refer to people, programmed scripts, or institutions, and all parties on the account must authorize or cooperate to perform any actions.

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