Multisignature Wallet What Are MultiSignature (MultiSig) Wallets? In a MultiSig wallet, a transaction requires signatures from multiple private keys before execution. The specific number of signatures needed can vary. For instance, a 2-of-3 MultiSig wallet would need two out of three designated parties to sign off on a transaction.
Multi-Party Computation What Are Multi-Party Computation (MPC) Wallets? with multi-party encryption, custodial wallet providers can enhance security measures by dividing private keys and sensitive data into multiple shares, ensuring that no single entity possesses full control. This decentralized approach not only reduces the risk of insider threats
