Multisignal (multi-signature)
By CoinGecko | Updated on Mar 03, 2020
They are wallets that require more than one key for transactions to be authorized. It serves to distribute the responsibility of the possession of the cryptocurrencies and to avoid robberies, manipulations or others without the rest of the members being aware of it.
Related Terms
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Wash Trade
Meaningless back and forth trading between a single party with the aim of inflating trade volume.
Yield Farming
Yield farming involves putting cryptocurrency into a DeFi protocol to collect interest on trading fees.
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.