Mastering Blockchain Programming with Solidity

Summary

In this chapter, we looked into one of the most well-known and battle-tested multisig: the ConsenSys multisig wallet. We learned how multiple owners can control a multisig contract and send ETH from a contract to another account. We also looked into how you can allow a multisig to maintain ownership or the role of a target contract. Every transaction on a multisig needs to have multiple signatures in order to be executed, which improves the security of the contract or funds. There are a few other multisig wallets available, but, at the time of writing, the ConsenSys multisig wallet seems to be one of the safest.

We also understood that, along with the fund's safety, multisig wallets can also be used for maintaining ownership access ...