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Permissionless blockchains are revolutionary for digital inclusion. As a permissionless chain, Core embraces transparency, freedom, and openness. We also must remember, since anyone can build on Core, we must always stay vigilant and informed. medium.com/@core_dao/the-… #CoreDAO☀️

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7/ It also offers a form of redundancy; if you lose access to one key, the funds are not lost, as you can still access them with the remaining keys.

6/ The use of multisig wallets is popular among businesses and organizations where a consensus needs to be reached before funds can be spent.

5/ This way, even if one key is compromised, the funds remain secure because a potential attacker still would need access to at least one more key.

4/ For instance, a 2-of-3 multisig wallet would require at least two out of three associated private keys to sign and approve the transaction.

3/ Multisig requires multiple private keys to authorize a transaction, as opposed to a traditional setup where a single private key is sufficient. It is often used in shared wallets where multiple people need to authorize a transaction before it can be processed.

2/ "Multisig" stands for multi-signature, which is a specific type of digital signature scheme. It is a method that adds an extra layer of security for cryptocurrency transactions.

1/ What is Multisig? ✍️ A thread 🧵