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
Related Terms
All terms and definitions may update as the Cryptionary improves.
