multi-signature wallets

Multi-signature wallets are digital wallets that require multiple approvals before a transaction is executed. Think of it as a safe deposit box that needs several keys to open—no single person has full control. For example, a company might set up a multi-signature wallet so that three managers must approve a transfer before it happens. This enhances security by reducing the risk of unauthorized or fraudulent transactions, as many authorized parties must agree, adding an extra layer of protection to cryptocurrency holdings or digital assets.