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
Whale
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Derivatives
A financial instrument which derives its value from the performance of an underlying asset or index (eg. gold, crude oil)
Open/Close
The price at which a cryptocurrency opens at a time period, for example at the start of the day; the price at which a cryptocurrency closes at a time period, for example at the end of the day.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.