GET MEAN ON MULTISIG
MEAN FI TAKES MULTISIG NEXT LEVEL FOR BLOCKCHAIN TRUST
Boom, what a sigh of relief. As my research continued with Mean Finance, so has my education on the importance of multisig. They explain & use it so well & I’m just here to brag about it. You know how you have your favorite sports athletes & celebs that you cheer for? Well I now look at projects and developers the same way when they are actually doing things of value and bring Real usecase to the Market. This mechanism prevents one of the biggest issues in digital assets today regarding cryptocurrency funds being stolen. “The Single Point Of Failure”. We now have the ability to create complex spending rules between multiple parties.
Anyone in the world can secure your treasury with the Mean Multisig Wallet. We can also get Mean Verified & use their badge of trust on our business website. After speaking with Moe Iman Head of Marketing & PR at Mean Finance I was quickened to the importance & usability of Multisig. This video breaks down exactly what Multisig is and why you will most likely use this structure in the future, or not. But I AM!
Single-key addresses are much faster & easier to use then a multi-sig wallet, but what would you sacrifice for your security. With a single key, you have a single point of failure. If you get a hacking attack then your funds can easily be stolen. In my opinion which is not financial advice. It would probably be a Epic Idea especially when dealing with large sums of money as well as in a business structure for transparency, accountability, and last but not least TRUST.
Before we go! Mean Finance will always be innovating, take a look at a piece from a article I read regarding Super Safe:
“A Super Safe also offers an incredible solution to complex asset management, like account delegations, social account recovery with guardians or witnesses, dead man’s switch workflows for asset legacy and inheritance, and more. All through the simple concept of security via social engineering afforded via multisigs.” Moe of Mean Fi.
Thanks again, I will keep traveling this Blockchain Jungle bringing you nothing but Heat.
Eagle
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