ichard Chen is a General Partners at 1confirmation.
Richard's Twitter: @richardchen39
1confirmation's Twitter: @1confirmation
1confirmation's Website: https://www.1confirmation.com/
Logan Jastremski's Twitter: @LoganJastremski
Frictionless's Twitter: @_Frictionless_
Frictionless's Website: https://frictionless.fund/
_______
This Podcast was sponsored by Squads. https://squads.so/
Squads Protocol: the multisig standard you were looking for on Solana
Securely manage your treasury, program upgrades and tokens with your Squad.
- Multi-signature - A multisig requires multiple digital signatures in order to approve transactions. This is opposed to individual web3 wallets, which only require one signature.
- Security - Multisigs spread the attack vector necessary for your assets to be compromised. By requiring confirmations from multiple private keys, a single point of failure is eliminated.
- Collective Ownership - Multisigs allow teams to own and manage their on-chain assets together. You get to choose who is on your multisig.
- Self-Custody - Your on-chain assets are always in your team’s control. By securing them in a multisig, you forego the risk of centralized entities losing your funds.