Multi-sig Deployment
What is multisig Multi-signature is a digital signature scheme, that allows a group of users to sign a single transaction. The transaction could be a governance proposal, a snapshot vote, or even a simple fund transfer instruction. A common terminology to describe a multisig setup is m-of-n multisig. Given n parties with their own private keys, at least m of the private keys must sign a transaction to perform a transaction. For example, a multisig that has 7 members in the group and requires 4 signatures for a transaction to be fully signed — will be termed 4-of-7 multisig. The need for a multisig administration Before we answer the question — why do we need multisig administration? — let us first understand how it supplements the deployment management. The smart contract that is being deployed onto the chain, holds logic - sometimes worth millions of dollars. Think about swapping contracts in the decentralized exchange managing all the business logic. And in order to deplo