Multisig Wallet
What is a multi-signature wallet and what are the two multisig wallet types?
A multisignature wallet allows users to collaboratively control their assets. A multisig wallet has a set number of signatories that must come to a consensus in order for transactions to be authorized.
For multisig accounts information and operations exchange Nova Spektr uses Spektr Matrix Protocol.
Nova Spektr supports all Polkadot ecosystem networks that have the multisig pallet in their runtime. Two multisig wallet types are supported: regular and flexible multisig.
Multiple signatures required to approve transactions
Multiple signatures required to approve transactions
Custom signatory threshold that must be met for a transaction to be executed
Custom signatory threshold that must be met for a transaction to be executed
Deposit required to initiate transaction (returned when executed or cancelled)
Deposit required to initiate transaction (returned when executed or cancelled)
Certain operations can be delegated to another wallet
Certain operations can be delegated to another wallet
Changing signatories or threshold requires creating a new address
Signatories or threshold can be changed as needed while maintaining a fixed address
Can be used on all supported chains
Can only be used on the chain where it was created
No deposit required to create a multisig wallet
A deposit required to create a flexible multisig wallet (returned when multisig is deleted)
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