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🔐 Multisig wallets: next-level security for crypto teams, DAOs & joint accounts
A single private key = single point of failure.
A multisig wallet means multiple approvals for every transaction, so funds only move when enough signers confirm.
How does it work?
• Set rules: 2-of-3, 3-of-5, etc.
• All signers must approve before funds move
• Enforced by smart contracts
Why multisig?
• Stops one person from moving funds alone
• If one key is lost or hacked, assets stay safe
• Transparency & accountability
• Great for DAOs, startups, treasuries, business & families
Caveats:
• Setup is more complex than a regular wallet
• For groups & big funds, worth it
When to use?
- DAO treasuries
- Team wallets
- Joint/family crypto
- Business accounts
Tips:
• Use audited, open-source solutions
• Train all signers
• Prepare recovery steps in advance
Multisig = trustless cooperation in Web3. 1 reply
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