What exactly is a Multisig? Why is it popular amongst devs?

Hello i am new to programming and web3, but learning quickly… ,but still new, and i am curious on the reasonings for the mulitisg being used everywhere?
who is knowing why this is so common (not just on these forum)
please if anyone can share why it is popular that would be helpful. i send a first contract earlier today with mulitisig (through a friend as the 2nd manager of the wallet) but am not so familiar still.

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Mostly for security reasons. I.e. if a company doesn’t want one person to have full control over what is deployed or what funds are moved, you can implement a multi sig, so that two separate wallets have to sign off on any transaction. it is to keep a separation of concentration of powers essentially.

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Yep, pretty much this

Also if one dev/team member were to go ‘rogue’ and tries to move funds, he wouldn’t be able to on his own

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yeah, if you want to checkout a reliable multi-sig with an excellent user interface, I just setup an m-safe.

they’ve been here since day 1 of aptos launch, and its what all the big teams over here use.

if you want help setting one up for yourself, just pm me. :+1:

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hey just pmed you, would like an intro to it. :slight_smile:

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I also want to know.

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just completed one on the move language in one of the ecosystem websites; i can answer questions if you’d like!

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thank you for sharing your idea!

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agree with you !

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Way of making it impossible for a dev to have access to withdraw at withdraw funds at anytime without the signature of another dev or admin

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I really gotta give m-safe a try - been looking to setup a multisig but just haven’t gotten to it! Any tips on setup?

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that happens more than most people would think, multi-sigs are really the backbone of the entire defi ecosystem. not all heros wear capes!

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thank you for sharing!!!

With multisig, You need several wallets to sign a transaction for it to be approved