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Multisignature

Posted on : by : BlockGlossary

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Meaning of Multisignature

Multisignature refers to having more than one signature to approve a transaction.

This form of security is beneficial for a company receiving money into their BTC wallet. If a company wants to keep it so that one employee doesn’t have sole access to a transaction, multisig allows for a transaction to be verified by two separate employees before it’s complete.

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