In terms of asset security, multi-signature wallets are often relied upon because a transaction is only valid if several keys approve it. This can prevent cases of 'wallet hacks' due to a single private key leak. However, the setup can be a bit complicated. You need to coordinate with other parties who also hold keys. For large project teams, this is a smart solution to prevent internal fraud. For retail investors, it may feel excessive. The bottom line is, when the Fear & Greed Index is at 15 and many people are panicking, having an extra security system can sometimes help you sleep better. Especially if you are holding high-value assets.

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This content is for informational purposes only and is not financial advice. Do your own research (DYOR) before investing.