In simple words Multi signature wallet is a special bitcoin wallet that require more than one person(private key) to sign the transaction of funds.
It requires the cooperation of multiple parties in order to do anything(trading or exchanging).
Mostly it involves 3 parties- one is the buyer , the recipient and the agent who acts as a mediator in the transactions. Each of them holds one private key. It is tougher for someone to steal more than one private keys, thus the multi signature wallet provides better security.
This wallet allows the user to have a direct control over their bitcoins. As this wallet provides better security than traditional digital signature setup, this can be applied to all transactions involving digital payments. Most of the Entrepreneurs in current days are looking to create multi signature wallet to protect their bitcoin transactions.
If you want to upgrade your bitcoin business security with multi signature wallet?
Coinjoker- Bitcoin Exchange Script offers one stop bitcoin exchange business solution through bitcoin exchange platform script. As a businessman, you can start your exchange website with the most-demanded solution like multi-wallet signature, secure wallet integration and several other features.
