As the name suggests, a multisig wallet is a wallet that requires multiple signatures to execute a transaction. A multisig wallet can have two or more owners controlling the transactions and funds that are present in the wallet. In a multisig wallet, you can define the minimum number of signatures that are required to execute a transaction. It's only when the required number of EOAs sign and confirm a particular transaction that it gets executed on the multisig. Existing owners can add or remove a new or existing owner from a multisig.
Different multisig wallet implementations are available, such as ConsenSys and Parity. However, the most widely used and safe multisig is the ConsenSys multisig implementation. ...
