Multisignature wallets

Multisignature wallets are digital accounts that require multiple approvals to authorize a transaction. Instead of just one person’s key, several keys are needed—like a group consensus—to execute actions. This enhances security because a single compromised key isn’t enough to access funds. It’s commonly used in organizations or for shared accounts, ensuring that multiple trusted parties verify transactions, reducing the risk of fraud or mistakes. Think of it as a digital safe that only opens when a designated number of keyholders agree.