Multisig

A multisig is a crypto wallet that needs approval from several keys before a transaction can go through, such as any three of five signers. It removes the single point of failure of one private key.

Related Terms

  • Key Management

    Key management is the set of practices and systems for creating, storing, using, rotating and retiring cryptographic keys. It keeps encrypted data and digital signatures trustworthy.

  • Smart Wallet

    A smart wallet is a crypto wallet that is itself a smart contract. Because its rules are code, it can offer recovery without a seed phrase, spending limits, batched actions and sponsored gas.

  • Upgradeable Proxy

    An upgradeable proxy is a smart contract pattern that lets code be changed after deployment. A fixed proxy address holds the data, while a separate logic contract can be swapped for a new version.

  • Cross-Chain Bridge

    A cross-chain bridge is a protocol that moves tokens or messages from one blockchain to another. It usually locks an asset on the source chain and issues a matching representation on the destination.

  • Decentralized Autonomous Organization (DAO)

    A decentralized autonomous organization (DAO) is a group coordinated through smart contracts rather than a management hierarchy. Members propose and vote on decisions such as spending or protocol upgrades.

  • MPC Wallet

    An MPC wallet is a crypto wallet whose private key is never held in one place. Several parties each keep a key share and sign together, so no single device, person or server can move funds alone.

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