Multisignal (multi-signature)
By CoinGecko | Updated on Mar 03, 2020
They are wallets that require more than one key for transactions to be authorized. It serves to distribute the responsibility of the possession of the cryptocurrencies and to avoid robberies, manipulations or others without the rest of the members being aware of it.
Related Terms
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
Market Taker
Participant of the market who buys and sells from currently existing orders
Public Keys
The alphanumeric string which serves as a public receiving address in cryptocurrencies.
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.