What it means
A wallet that needs several keys to approve a transaction, such as two out of three.
Teams and protocols use multisigs so no single person can move the funds.
How it works
It also means losing one key doesn't lock you out.
Related terms
| Term | What it means |
|---|---|
| Private key | The secret that proves a wallet is yours and signs every payment from it. Whoever has it controls the wallet. |
| Smart wallet | A wallet that is itself a smart contract, so it can have rules such as fee sponsorship, batched steps or recovery options. |
| DAO | Decentralised autonomous organisation: a group that runs a protocol by token holders' votes rather than a company's management. |
This glossary explains terms in general. It isn't investment, tax or legal advice.