Post
Topic
Board Development & Technical Discussion
Re: What happen if one of the people in my multiSig setup became a problem later?
by
Stalker22
on 16/05/2025, 21:32:31 UTC
That's really bad I thought somehow or other it can't recovered nevertheless
Learn something new today for now and even for future
Will always try to follow these m-n of storing of all of my funds

This isnt inherently bad; its simply how n-of-n multisignature wallets work. Its analogous to a single-signature wallet where losing the single key is critical. However, with n-of-n, the requirement is to maintain all n private keys; losing even one means losing access to the funds.

If your priority is having a safety net or a backup plan for accessing your coins, then an n-of-n multisig setup is definitely not the best option.