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| Name | Multisignature Wallets Explained | Animation | Cryptomatics |
| Video Uploader | Video From Cryptomatics |
| Upload Date | This Video Uploaded At 15-11-2021 16:00:06 |
| Video Discription | In this video, we will explain what Multisignature Wallets are. We will also briefly cover their advantages and disadvantages and take a look at some of their use cases. The idea of Multisignature wallets appeared in 2012, the first ones being created and implemented a year later, for the Bitcoin Blockchain. To define a Multisig wallet in a simple way, we could see it as a bank vault. From a technical point of view, to unlock such a vault, more than one key is required. Therefore, a Multisig crypto wallet will allow you to choose the number of keys needed to unlock it, but also to set a minimum number of keys that can perform that procedure together. If you enjoyed this video, hit the Like and Subscribe buttons so you'll know when we come up with new episodes! ~~~~~~~~~~~~~~~~~~~~~~~~~~~ 🔥CryptoRobin 👉 https://www.youtube.com/channel/UC3WPi0MJYfDcETCDY8m2LGg/videos ~~~~~~~~~~~~~~~~~~~~~~~~~~~ - CHAPTERS - 0:00 Intro 0:27 What Is a Multisignature Wallet? 1:32 Advantages and Disadvantages of a Multisignature Wallet 2:45 Multisignature Wallet Use Cases 4:25 Conclusions 5:07 Outro ~~~~~~~~~~~~~~~~~~~~~~~~~~~ ⛓️ 🔗 Useful Links 🔗⛓️ ►https://www.makeuseof.com/what-are-multi-signature-wallets/ ►https://academy.binance.com/en/articles/what-is-a-multisig-wallet ►https://support.bitpay.com/hc/en-us/articles/360032618692-What-is-a-Multisignature-Multisig-or-Shared-Wallet- ►https://www.coindesk.com/tech/2020/11/10/multisignature-wallets-can-keep-your-coins-safer-if-you-use-them-right/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~ #MultisignatureWallets #Animation #Cryptomatics #Blockchain #Crypto #CryptoEducation E47Ih7DArKs |
| Category | Science & Technology |
| Tags | multisig | multisignature wallets | multisig wallet | multisignature wallet | what is a multisig wallet | what is a multisignature wallet | multisignature wallets explained | how does a multisig wallet work | multisignature | multi signature bitcoin wallet | cold storage | multisig technology | multisignature technology | blockchain | cryptography | security |
