Definition ∞ A multisig wallet requirement specifies that a transaction or action must be authorized by multiple distinct private keys, rather than a single one. This security measure significantly reduces the risk of single-point-of-failure attacks or unauthorized access to funds. It is widely used by organizations and individuals seeking enhanced security for their digital assets.
Context ∞ Multisig wallet requirement is a common practice and discussion point in the security architecture of decentralized finance projects and institutional crypto custody solutions. News often highlights its importance in preventing large-scale asset theft and in establishing robust governance structures.
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