• What is Multisig Technology?
    Articles,  Blog

    What is Multisig Technology?

    We can think of Bitcoin like cash. If I have 100 Bitcoin, they’re all in a Bitcoin address, and that Bitcoin address has a corresponding private key. If I have that private key, I can spend that $100. But that is a lot of power to put in just one little string of letters and numbers. That if I lose, that if I have stolen from me, hacked, all the money associated with it is gone. How do we increase security there? Let’s say I have a balance of $10,000. Instead of having one single key that controls that $10,000, what I do is that I create a Multisig address.…