Multi-Signature Verification

Definition ∞ Multi-signature verification, commonly known as multisig, is a security feature that requires more than one private key to authorize a cryptocurrency transaction or access a digital wallet. Instead of a single signature, a multisig setup specifies a minimum number of approvals from a predefined group of keys. This enhances security by distributing control and reducing the risk of a single point of failure or compromise. It is frequently employed for shared asset management, corporate accounts, and escrow services.
Context ∞ News often highlights multisig implementations in reports concerning enhanced security measures for exchanges, decentralized autonomous organizations, and institutional custodians. Security breaches or hacks frequently lead to discussions about the importance of multisig for protecting digital assets. The adoption of multisig verification is a key factor in strengthening the overall security posture of the digital asset ecosystem.