Multi-signature authentication is a security measure used to protect digital assets. It requires multiple signatures from different private keys to authorize a transaction. This means that instead of needing just one person’s approval, several parties must agree before any funds can be moved.Typically, a multi-signature setup might require, for example, two out of three designated parties to sign off on a transaction. This arrangement enhances security, as the risk of theft or unauthorized access is reduced. Even if one key is compromised, the assets remain safe until the required number of signatures is obtained.Multi-signature wallets are commonly used for shared accounts, businesses, or individuals who want extra protection. They can also serve as a safeguard for managing inheritance, where a trusted person or a set of family members must collaborate to access the assets.This functionality is particularly beneficial in reducing the chances of fraud and ensuring better control over the management of digital assets. Overall, multi-signature authentication adds a layer of trust and accountability.