BLOCKCHAIN DICTIONARY

Multisignature (multisig)

July 9, 2020
Definition

Multisignature (multisig) is a special digital signature requirement where multiple users’ authorization (private keys) must be provided concurrently to execute a transaction. Multisig provides an extra layer of security to cryptocurrency funds.

Did you know?

Multisig capabilities were added to Bitcoin in 2012.

SB-smashingblox-logo

BLOCKCHAIN ENABLE YOUR BUSINESS TODAY.

CONTACT US