A wallet requiring multiple private key signatures (e.g., 2-of-3, 3-of-5) to authorize transactions, used by teams and DAOs for shared treasury management. On Solana, Squads Protocol is the leading multisig solution, enabling threshold signing for program upgrades, token transfers, and governance actions.
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A wallet requiring multiple private key signatures (e.g., 2-of-3, 3-of-5) to authorize transactions, used by teams and DAOs for shared treasury management. On Solana, Squads Protocol is the leading multisig solution, enabling threshold signing for program upgrades, token transfers, and governance actions.
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Wallets, signing flows, dApps, and key management concepts.
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Multisig Wallet (multisig-wallet) Category: Web3 Definition: A wallet requiring multiple private key signatures (e.g., 2-of-3, 3-of-5) to authorize transactions, used by teams and DAOs for shared treasury management. On Solana, Squads Protocol is the leading multisig solution, enabling threshold signing for program upgrades, token transfers, and governance actions. Related: Squads (Multisig), Multisig, DAO (Decentralized Autonomous Organization)
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A multisig protocol on Solana (Squads v3/v4) enabling M-of-N approval for transactions. Used to manage program upgrade authorities, treasury wallets, and DAO operations. Squads creates a multisig PDA that acts as the authority; members propose transactions that execute once the threshold is reached. Critical for production program security.
An account controlled by multiple parties requiring M-of-N signatures to authorize actions. On Solana, multisig is implemented by programs like Squads rather than at the protocol level. Use cases: program upgrade authority (require 3-of-5 team members), treasury management, and DAO governance execution.
An organization governed by smart contracts and token-holder voting rather than traditional management structures. Members propose and vote on decisions (treasury spending, protocol upgrades, parameter changes). On Solana, Realms (SPL Governance) and Jupiter DAO are major governance platforms. DAOs enable transparent, permissionless collective decision-making.
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Software or hardware that manages cryptographic keys and enables users to sign transactions, view balances, and interact with dApps. Hot wallets (Phantom, Solflare, Backpack) are internet-connected for convenience. Cold wallets (Ledger, Trezor) store keys offline for security. Wallets don't actually 'hold' tokens—they hold the private keys that control on-chain accounts.
A physical device (Ledger, Trezor) that stores private keys offline in a secure element chip, signing transactions without exposing keys to internet-connected computers. Hardware wallets protect against malware, phishing, and remote hacks. Solana hardware wallet support is available through Phantom, Solflare, and other wallet adapters.
A cryptocurrency wallet that is connected to the internet, enabling quick and convenient access for sending, receiving, and interacting with dApps. Browser extension wallets (Phantom, Backpack, Solflare) and mobile wallets are hot wallets. They offer the best user experience for daily transactions and DeFi activity but are more vulnerable to phishing, malware, and remote attacks compared to cold storage. Best practice is to keep only actively used funds in a hot wallet.
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A multisig protocol on Solana (Squads v3/v4) enabling M-of-N approval for transactions. Used to manage program upgrade authorities, treasury wallets, and DAO operations. Squads creates a multisig PDA that acts as the authority; members propose transactions that execute once the threshold is reached. Critical for production program security.
An account controlled by multiple parties requiring M-of-N signatures to authorize actions. On Solana, multisig is implemented by programs like Squads rather than at the protocol level. Use cases: program upgrade authority (require 3-of-5 team members), treasury management, and DAO governance execution.
An organization governed by smart contracts and token-holder voting rather than traditional management structures. Members propose and vote on decisions (treasury spending, protocol upgrades, parameter changes). On Solana, Realms (SPL Governance) and Jupiter DAO are major governance platforms. DAOs enable transparent, permissionless collective decision-making.
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The vision of a decentralized internet built on blockchain technology, where users own their data, identity, and digital assets. Web1 was read-only (static pages), Web2 is read-write (platforms like social media), Web3 is read-write-own (permissionless, user-sovereign). Web3 applications use wallets instead of logins and smart contracts instead of centralized servers.
An application with its backend logic running on a blockchain as smart contracts rather than centralized servers. dApps typically have a traditional web frontend that interacts with on-chain programs via RPC. Users authenticate with wallets instead of username/password. Examples: Uniswap (Ethereum DEX), Jupiter (Solana DEX), Magic Eden (NFT marketplace).
Software or hardware that manages cryptographic keys and enables users to sign transactions, view balances, and interact with dApps. Hot wallets (Phantom, Solflare, Backpack) are internet-connected for convenience. Cold wallets (Ledger, Trezor) store keys offline for security. Wallets don't actually 'hold' tokens—they hold the private keys that control on-chain accounts.
A 12 or 24-word human-readable backup of a wallet's master private key, generated using BIP-39 standard. The seed phrase can deterministically regenerate all derived keypairs (BIP-44 derivation paths). Losing the seed phrase means permanently losing access to all associated accounts. Never share, photograph, or store seed phrases digitally in plain text.