Multisig is an abbreviation for Multi Signature, and it is a technology that requires multiple private keys to sign a transaction.<\/p>\n
In the context of cryptocurrencies, an address refers to an address that requires two or more private keys to execute a transaction.
\nIn contrast, an address that can execute transactions with a single private key is called a single-signature address.<\/p>\n
\u25bcWhat are the features of multi-signature?<\/strong><\/p>\n High safety! For example, suppose you have deposited your private key with an exchange, and that exchange is hacked. However, with multi-signature security, you won't lose your assets unless the required number of private keys for executing the transaction are stolen. One of the factors that caused a stir in the world when Coincheck was hacked, resulting in a loss of approximately 58 billion yen, was precisely this private key. Incidentally, our SHC service also employs multi-signature escrow.<\/p>","protected":false},"excerpt":{"rendered":" Multisig is an abbreviation for Multi Signature, a technology that requires multiple private keys to sign a transaction. In cryptocurrency, when executing a transaction, two or more private keys are used. Continue reading 04.About Multisig<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":1535,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":[],"categories":[1],"tags":[92,91],"acf":[],"_links":{"self":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/column\/1445"}],"collection":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/column"}],"about":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/types\/column"}],"author":[{"embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/comments?post=1445"}],"version-history":[{"count":1,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/column\/1445\/revisions"}],"predecessor-version":[{"id":1529,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/column\/1445\/revisions\/1529"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/media\/1535"}],"wp:attachment":[{"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/media?parent=1445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/categories?post=1445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.standage.co.jp\/us\/wp-json\/wp\/v2\/tags?post=1445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe benefit is that it reduces the risks involved in hacking!<\/p>\n
\nWith a single-signature system, if the private key is stolen, it's game over in an instant!<\/p>\n
\nFor example, in the case of a 2-of-3 multisig security, a transaction cannot be executed unless two out of the three private keys are present.
\n(Of course, if all your private keys are stolen, you're out of luck.)<\/p>\n
\nBecause Coincheck used a single-signature system, once the private key was stolen by a hacker, the hacker was able to freely conduct transactions, resulting in the outflow of funds.<\/p>\n