Multisignature Account

A Multisignature (Multisig) account adds an extra layer of security by requiring multiple parties, known as custodians, to approve each transaction. This structure is ideal for users or organizations that need enhanced security or dual-authorization for transactions, as it helps prevent unauthorized actions by requiring agreement from multiple custodians before any transaction is executed.

Key Benefits:

• Additional Security: Multisig accounts minimize the risk of unauthorized access by involving multiple approvals.

• Flexible Authorization: You can set the number of custodians needed to approve transactions, allowing tailored security levels for different scenarios.

• Custodians: Custodians are individuals with the authority to approve or deny transactions within the account, adding a collaborative element to account management.

Creating a Multisignature AccountAdding an Existing Multisignature Account (as a custodian)Sending and confirming multisignature transactions