A multi-signature address is a special type of wallet that requires multiple private keys to authorize a transaction. This means that more than one person or device must agree before any funds can be spent, enhancing security.Typically, a multi-signature setup is designed as M-of-N, where “M” is the number of signatures needed to validate a transaction, and “N” is the total number of keys created. For example, in a 2-of-3 setup, any two of the three key holders must sign to complete a transaction.This feature is particularly useful for organizations or groups where shared control is essential. It helps prevent fraud or unauthorized access, as a single compromised key cannot lead to fund loss. Multi-signature addresses are commonly used for joint accounts, escrow services, and enhancing overall wallet security.Overall, multi-signature addresses provide a robust way to manage funds collectively while maintaining a higher level of security compared to single-key wallets.

Bybit Removed from France’s AMF Blacklist After Two Years of Compliance Efforts
Cryptocurrency exchange Bybit has been officially removed from the blacklist of France’s financial markets regulator, the Autorité des Marchés Financiers