Mastering Blockchain Programming with Solidity

Using Multisig Wallets

Multisig wallets are a special type of contract that requires multiple EOAs to sign and initiate the transaction. These types of wallets are helpful in maintaining a large sum of ether or tokens in a wallet. Mostly, they are used by companies to keep their funds safe, and only move funds when the required number of owners come to a consensus and confirm and execute the transaction. Users can also transfer the administration rights of a contract to a multisig contract so that the owners of the multisig wallet can decide and execute a function of the owned contract.

In this chapter, we will learn about the ConsenSys multisig implementation and how it works. We will set up our own multisig wallet using the Gnosis DApp ...