A Multi-Signature Protocol, often referred to as multisig, is a security feature that requires multiple private keys to authorize a transaction. Instead of a single keyholder having complete control over funds, multisig distributes the power across several users.In practice, a multisig wallet can be set up to require, for example, three out of five possible signatures to approve a transaction. This adds an extra layer of security, making it harder for unauthorized parties to access funds. If one key is compromised, the funds remain safe because additional approvals are still needed.Multisig is particularly useful for organizations handling shared assets or for individuals wanting to enhance their account security. It can prevent loss due to single-point failures and reduce the risk of theft. Overall, this protocol helps ensure that funds are managed collectively and securely, promoting accountability among users.

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