# Flexible Multisig Wallet

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:

| Flexible Multisig                                              | Multisig                                                                      |
| -------------------------------------------------------------- | ----------------------------------------------------------------------------- |
| 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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