Hippo Wallet is already among the most secure true wallets available today. Users can secure their funds in the app with the underlying architecture. Besides, Hippo Multisig Wallet lets user takes security even further with a very simple user interface.
A Hippo multi-signature wallets are cryptocurrency wallets that require two or more private keys to sign and send a transaction.
The multi-signature addresses are one of the most interesting features that it has Bitcoin and other cryptocurrencies. These types of cryptocurrency addresses can be managed by many people at the same time. This is because multi-signature addresses base their operation on multiple cryptographic signings.
When a user makes a transaction, the address it uses generates that transaction and it needs to sign it cryptographically. Without this, said transaction can never be processed by the network and included in the blockchain. This mechanism can be improved in terms of security to the point of creating an address that needs several cryptographic signatures to be valid for the network. This is because the control of said direction it is collective.
Benefits of Multisig
Funds Accessing Control
Users can distribute the decision-making process more by choosing the types of multi-signatures that needed more signs.
Can help in reducing the security concerns that are generally evident in the case of single private key wallets.
Being a joint account
Has the ability to manage a cryptocurrency fund among multiple people.