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
Cold Wallet
Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)
Initial Coin Offering (ICO)
Initial Coin Offering (ICO) is the equivalent of Initial Public Offering (IPO), where a company/cryptocurrency venture raises funds through crowd sales.
Validator
A block-signing participant of a Proof of Stake blockchain network, whom have significant tokens staked on the network.
Sim Swapping
It is a tactic where hacker overtake the mobile phone to exploit the two-factor authentication and two-step verification.
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