Definition of Multisignal (multi-signature)

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.

Share this with a friend!

Related Terms

Gwei

The monetary domination of gas, involving Ether

Derivatives

A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)

Zero Knowledge Proof

Cryptographic proof for 2 parties to verify a value without revealing what the value is.

Soft Cap

Targeted fund raising limit of an ICO

Hungry for more knowledge?

Glossary