Flexible Multisig Wallet
All about Flexible Multisigs
Flexible Multisigs are used to control an account as a group of individuals, increasing the security of the assets that it holds. Each flexible multisig wallet consists of several signatories, which can be changed at any time. Depending on the settings of the flexible multisig, either all or some of the signatories need to approve any transaction for it to execute.
Nova Spektr currently supports flexible multisigs on the following networks:
Polkadot
Kusama
Polkadot Asset Hub
Kusama Asset Hub
Polkadot People
Kusama People
Polkadot Coretime
Kusama Coretime
Hydration
Mythos
Moonbeam
Moonriver
Bittensor
Avail
Aleph Zero
Please note that Flexible Multisigs only work on the network you specified when creating the wallet.
If you already have a flexible multisig on any of these networks, it will automatically appear in your list of wallets. A flexible multisig is considered active if it holds tokens or if at least one transaction has been initiated from it.
Below is a table of comparisons between flexible multisigs and multisig wallets:
Update signatories as needed while maintaining a fixed address
Changing signatories or the threshold requires creating a new multisig wallet
Deposit is needed to create the wallet (returned when deleted)
No deposit is required, you only pay the standard network fees
Works only on the network where it was created
Works on all supported chains from the start
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