Table of Contents
- Introduction
- The Unsung Hero of Crypto
- An Exponential Rise in Usage
- The $SAFE Question
- Speculating on Monetization and Potential Revenue Projections
- Competition
- Conclusion
If you’re involved in crypto, you have come across the term ‘multisig.’
At a very high level, multisigs are smart contract wallets that custody assets. They have embedded logic that broadcasts transactions once they have received sufficient signatures. For example, a multisig may need 2-of-3 keys to sign a transaction before broadcasting it to the blockchain.
For those familiar with traditional corporate governance, this is similar to requiring X number of signatories to approve a company resolution before anything important can be executed. These X-of-N multisig setups serve as a check and balance for managing a pool of ass