Multisig
Multisig is short for “multi-signature wallet”. It is a wallet that requires more than one signature to a transaction before moving funds. It’s frequently used in DAOs. The DAO multisig wallets are controlled by a committee of trusted people, which guarantees the security of the DAO and making sure that the passed proposals will result in an on-chain action.
Multisignature (also multi-signature or multisig) is a digital signature scheme which allows a group of users to sign a single document. Usually, a multisignature algorithm produces a joint signature that is more compact than a collection of distinct signatures from all users.
Multisignature adds additional security for cryptocurrency transactions. Multisig crypto wallets require all parties involved in the creation of this type of wallet to agree before any transaction can occur.
