Multisig Wallet
A multi-signature wallet provides increased security features because it can be controlled by multiple users. Whenever a transaction is initiated, it needs to be signed by a specified amount of parties before it can be executed. Organizations (such as DAOs) and other groups of individuals may wish to use multi-signature wallets to ensure a higher level of security and accountability.
You can create a multi-signature wallet via Venom Wallet. Such wallets are optimal for individuals, groups, or organizations that require multiple approvals before a transaction can be made. A multisig wallet protects funds until a defined set of wallets has approved a transaction.
The following sections show you how to create such a wallet and how to send tokens from it.
