multisig means of a cryptocurrency wallet: requiring two or more signatures from different private keys in order to complete a transaction. Lexicurio rates it Sui generis — a strength score of 99 out of 100.
Etymology
Clipping of multisignature. By surface analysis, multi- + sig (“signature”).
adj
- Of a cryptocurrency wallet: requiring two or more signatures from different private keys in order to complete a transaction.“Security firm Check Point believes the attacker identified multisig signers responsible for approving transactions and hacked their devices through the use of malware, phishing, or a supply chain attack.”
noun
- A multisig cryptocurrency wallet.“Schroé describes Spiderchains as a decentralized network of multisigs, similar in concept to the Lightning Network but using a different architecture.”