Multisignature, or multisig, is a security feature that requires multiple private keys to authorize a transaction. This setup adds an extra layer of protection compared to single-key wallets.In a multisig wallet, several participants are involved. For example, a wallet might require three out of five designated users to approve a transaction before it can be executed. This makes it difficult for a single person to access funds without consensus, reducing the risk of theft or loss.Multisig is particularly useful for organizations and joint ventures, allowing shared control over funds. It can also serve as a safeguard for individuals, ensuring that backup keys are held by trusted parties in case of emergencies.The configuration of multisig can vary based on the number of required signatures and total keys available, offering flexibility depending on user needs. Overall, multisignature improves security and fosters trust among participants in managing digital assets.