What is Multi-Signature (Multisig)? 🗝️🗝️
Imagine a physical vault that requires two different keys held by two different people to open. That is exactly what Multisig does for your Bitcoin.
In a standard wallet, if you lose your key (or it gets stolen), your sats are gone. In a Multisig setup (like a 2-of-3), you can lose one key and still recover your funds with the other two.
This is how Federated Mints work. Instead of one person controlling the Bitcoin backing the eCash, a group of "Guardians" must agree to move the funds.
This is the gold standard for businesses and families. It moves us away from "trusting a person" to "trusting a distributed process".
The Lesson: Security isn't just about a "strong password"—it's about distribution. By using Multisig, you become your own bank with built-in redundancy.
Imagine a physical vault that requires two different keys held by two different people to open. That is exactly what Multisig does for your Bitcoin.
In a standard wallet, if you lose your key (or it gets stolen), your sats are gone. In a Multisig setup (like a 2-of-3), you can lose one key and still recover your funds with the other two.
This is how Federated Mints work. Instead of one person controlling the Bitcoin backing the eCash, a group of "Guardians" must agree to move the funds.
This is the gold standard for businesses and families. It moves us away from "trusting a person" to "trusting a distributed process".
The Lesson: Security isn't just about a "strong password"—it's about distribution. By using Multisig, you become your own bank with built-in redundancy.
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