Intermediate
Blockchain & Web3
Q56 / 100
What is the purpose of a "multi-signature" (multisig) wallet?
Correct! Well done.
Incorrect.
The correct answer is A) It requires approval from multiple private keys (signatures) before a transaction can be executed, improving security and shared control
A
Correct Answer
It requires approval from multiple private keys (signatures) before a transaction can be executed, improving security and shared control
Explanation
Multisig wallets (e.g., requiring 2-of-3 signatures) reduce single points of failure, commonly used by organizations or for added personal security against a single compromised key.
Progress
56/100