6/23/2023 0 Comments Linkedin video downloader![]() ![]() Unlike an EOA wallet that holds just one private key, a multi-sig wallet could have 2-3 private keys distributed among co-payers of the wallet. Hence, they have equal rights and ownership of the wallet.Ī multi-sig wallet differs from the type of wallet commonly owned by an Externally Owned Account(EOA), Which requires just one signature from a private key to sign a transaction.īefore any transaction is sent, all co-payers must sign the transaction using their private keys. Multi-sig wallet is used by multiple users, also called co-payers. Multi-sig is also called Multiple signatures wallet. A multi-sig wallet is a wallet that requires multiple signatures from multiple private keys to sign and send a transaction.
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