Use multiple signatures to decentralize account authorities
To transfer funds from a multi-signature account (N), authorization from (M) multi-signature accounts is required. m+n>51% to complete the transfer.
Multi-signature wallet prevents private key leakage
In an unsafe environment where private keys can be exposed, a multi-signature wallet will effectively prevent hackers from hacking into your private key.
Signature transfers are notified to associated accounts on the blockchain
When a signature transfer is initiated, the IBAX network will synchronise the notification to the associated account on the blockchain. The notification is encrypted and readable only by the associated account, so there is no need for you to inform the associated account by other means.
Compared to cold wallets
Safer and more reliable than cold wallet
Multi-signature accounts are more secure and reliable than cold wallets, multiple private keys have flexible storage options and decentralised authorities are far more secure than centralised management.