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Why Multisigs are Becoming the Default Security Paradigm

Validated

CHAPTER

Introduction

This chapter explores the concept of multi-signature wallets and how they provide enhanced security by requiring multiple private keys to authorize transactions. They discuss various use cases and highlight the importance of multi-sig wallets in managing program upgrades, with insights from a guest speaker on the collapse of Serum as a cautionary tale and the increasing adoption of multi-sig solutions in the Solana ecosystem.

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