
On most chains, multisig means deploying a smart contract, something like Gnosis Safe on Ethereum, that holds your funds and routes every approval through its own execution logic. That contract needs to be deployed, maintained, and trusted. If it has a bug, your treasury is at risk. If the chain you're on doesn't have a maintained Safe deployment, you're on your own.
On Algorand, there is no contract. A multisig account is a cryptographically derived address computed from your signers' public keys, a threshold, and a version number. It exists the moment you compute it. No transaction required, no deployment cost, no external audit surface to worry about. Your treasury security lives at the consensus layer, not the application layer.
https://algorand.co/blog/multisig-as-a-first-class-citizen-security-made-for-humans?hs_preview=ALdaMboD-397264465144
Posted by semanticweb
1 Comment
lol what about bitcoin? Don’t need a shitcoin for multisig.