7-of-10

In the world of cryptocurrency, the term 7-of-10 refers to a specific type of multi-signature authorization. It means that out of a total of 10 possible key holders, 7 are required to sign off on a transaction in order for it to be considered valid and executed.

This kind of setup adds an extra layer of security to cryptocurrency transactions by ensuring that a majority of authorized parties must give their approval before any funds can be moved. It helps prevent fraud or unauthorized access, as a single entity cannot control the transaction on their own.

Overall, the 7-of-10 configuration provides a balance between security and flexibility. It allows for a significant number of keys to be held by different parties, while still requiring the participation of a majority to complete a transaction. This makes it a popular choice for organizations or individuals looking for enhanced protection of their digital assets.

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