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Apollo DAO To Deploy Multisig Wallet Solution On Sei

December 8, 2022 - Around 2 mins mins to read
Apollo DAO, a Cosmos-based yield management platform, has announced that it will deploy Apollo Safe on layer1 blockchain Sei.
Apollo DAO To Deploy Multisig Wallet Solution On Sei

Apollo Safe enables projects and decentralized organizations to create multisig wallets on the blockchain.

Sei stated that Apollo DAO would assist improve the security of community money on the blockchain and enable DAOs with a user-friendly asset management interface.

Apollo DAO To Deploy Multisig Wallet Solution On Sei

Apollo Safe is a multisig frontend for the CW3 contract, providing an easy-to-use multisig for Cosmos, initially launched on Terra and now coming to Osmosis and Injective for a governance vote.

Apollo DAO To Deploy Multisig Wallet Solution On Sei

Multisig solutions are critical to the development of a robust decentralized ecosystem.

Multisig is a method used by cryptocurrency wallets to sign and submit spending transactions that need two or more independent private keys. The necessity for several signatures decreases the likelihood of fraudulent expenditure and the risk of a single point of failure (SPOF).

Among the practical applications of Multisig are the following:

  • Increased protection for personal cash in cold storage.
  • Business accounts in which the CEO, CFO, and Board member can all sign for a transfer.

Apollo Safe is still currently in beta. The next major release for Apollo Safe will be Apollo Pay built into Apollo Safe.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Apollo DAO To Deploy Multisig Wallet Solution On Sei

Apollo DAO, a Cosmos-based yield management platform, has announced that it will deploy Apollo Safe on layer1 blockchain Sei.
Apollo DAO To Deploy Multisig Wallet Solution On Sei

Apollo Safe enables projects and decentralized organizations to create multisig wallets on the blockchain.

Sei stated that Apollo DAO would assist improve the security of community money on the blockchain and enable DAOs with a user-friendly asset management interface.

Apollo DAO To Deploy Multisig Wallet Solution On Sei

Apollo Safe is a multisig frontend for the CW3 contract, providing an easy-to-use multisig for Cosmos, initially launched on Terra and now coming to Osmosis and Injective for a governance vote.

Apollo DAO To Deploy Multisig Wallet Solution On Sei

Multisig solutions are critical to the development of a robust decentralized ecosystem.

Multisig is a method used by cryptocurrency wallets to sign and submit spending transactions that need two or more independent private keys. The necessity for several signatures decreases the likelihood of fraudulent expenditure and the risk of a single point of failure (SPOF).

Among the practical applications of Multisig are the following:

  • Increased protection for personal cash in cold storage.
  • Business accounts in which the CEO, CFO, and Board member can all sign for a transfer.

Apollo Safe is still currently in beta. The next major release for Apollo Safe will be Apollo Pay built into Apollo Safe.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News