Multi-Signature (Multi-Sig)
Definition
A security feature requiring multiple private keys (M of N signatories) to authorize a blockchain transaction, significantly reducing single-point-of-failure and theft risk.
Example
Multi-sig wallets are standard for DAO treasuries, requiring 3-of-5 signatories to authorize large transfers.
Related Terms
Frequently Asked Question
What is Multi-Signature (Multi-Sig)?
Multi-sig requires multiple private keys to authorize a transaction (e.g., 2-of-3 or 3-of-5). It is the standard for DAO treasuries and institutional crypto custody to prevent single-point compromise.
APA Citation
Last updated:
· Source: VixShield Trading Glossary — From SPX Mastery by Russell Clark
⚠️ Not financial advice. This definition is educational content from the SPX Mastery book series by Russell Clark (VixShield). Past performance is not indicative of future results. Trading options involves substantial risk of loss and is not appropriate for all investors. Always paper trade before risking real capital.