Cryptionary
Term

two-of-three multisignature

A wallet policy requiring any 2 of 3 keys to sign a transaction, balancing redundancy and security.

Type:
wallet
security
Also known as:
2-of-3 Multisig
1
definition

In a 2-of-3 multisig, funds can be spent with signatures from any two of three independent keys. It's popular for shared custody, recovery redundancy, and hardware wallet setups.

2
practice
  • Store seeds separately and avoid single points of failure
  • Consider geographic or role separation (user, cosigner, recovery)
  • Test recovery and coordinate descriptor/backups

All terms and definitions may update as the Cryptionary improves.