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Tron Multisig Wallet
Compare multisig fees
The approximate cost of Tron multi-signature transaction on blockchain.
Tron multisig wallet is a type of a wallet that adds an extra layer of security by requiring multiple users keys to authorize transactions.
Launched in 2017, Tron aims to create a decentralized internet by offering a blockchain platform for content sharing and entertainment applications. It seeks to empower creators by eliminating intermediaries and enabling direct interaction between content producers and consumers, revolutionizing the digital entertainment landscape.
Supported standards
TRC-721 tokens are unique digital assets on the Tron blockchain, similar to Ethereum's ERC-721 . These tokens represent ownership of distinct items, collectibles, and digital art. TRC-721 tokens empower creators and collectors by revolutionizing digital ownership and providing a platform for one-of-a-kind digital assets.
TRC-10 tokens are native tokens on the Tron blockchain, allowing developers to create and manage their own digital assets. These tokens enable various use cases within the Tron ecosystem, including decentralized applications and smart contracts, enhancing Tron's capabilities and expanding its utility.
TRC-20 tokens are a technical standard on the Tron blockchain, similar to Ethereum's ERC-20. They enable the creation and management of smart contracts and various decentralized applications (DApps) on the Tron network. TRC-20 tokens facilitate seamless integration and utility within the Tron ecosystem.
Reasons to use Multisig wallet
Increased Security
Traditional wallets rely on a single access point, which, if breached, leaves funds vulnerable. Multisig wallets elevate security, necessitating multiple private keys for transactions. A fortified barrier, it substantially reduces the chances of unauthorized access and fund theft.
Risk Mitigation and Business Continuity
In traditional single-key systems, if a key holder is unavailable, it can disrupt operations. Multisig addresses this risk. With multiple key holders, transactions proceed without delay, ensuring smooth business operation.
Shared Ownership
In instances where assets need collective decision-making, multisig wallets shine. By distributing control among several parties, it mandates consensus for transactions, ensuring that no single entity holds unilateral power, fostering collaboration and mutual trust.
Decentralized Organizations
Embracing the ethos of decentralization, multisig wallets cater perfectly to decentralized autonomous organizations (DAOs). With no central authority, these wallets empower collective management, ensuring that decisions and transactions echo the shared values and visions of its members.
Why choose Totalsig?
One account to manage it all
With TotalSig, you'll experience the convenience of having a single account that can effortlessly manage all your and other network assets. Say goodbye to the hassle of juggling multiple accounts and passwords.
Cheapest transactions
TotalSig is designed to minimize transaction fees, ensuring that you can send, receive, or trade your coins and tokens without worrying about high costs eating into your holdings.
Compare multisig fees
The approximate cost of Tron multi-signature transaction on blockchain.
User friendly multisig
TotalSig's user-friendly multisig feature empowers you to enhance the security of your holdings without the complexity. Our wallet simplifies the process of setting up and managing multisignature accounts.
Frequently Asked Questions
Create a wallet in TotalSig app, and you will be given a public address. You can see and copy you wallet address by clicking on a newly created wallet.
To create Tron multisig wallet:1
. Open TotalSig and click 'Add multisig wallet' button.
2. Choose Ethereum network, number of participants and number of required confirmations, for example 2-of-3 (any 2 signatures from 3 participants are required to approve the transaction) and click Create button.
3. Copy session ID, share it with other wallet participants and wait them to join the wallet.
4. Wait few more seconds for wallet to be created, and voila! Your multisig wallet has been created!
Go to your wallet and find your public address. Share this address with the sender. The funds will appear in your wallet after the transaction is confirmed on the blockchain.
Open your wallet and click on the Send button, fill the transaction details and click continue. If it is a multisig wallet, wait until other participants have signed the transaction.
A Tron wallet is a digital tool that lets you store, send, and receive Tron and tokens built on the Tron blockchain, such as USDT TRC20. It has a public address for receiving funds and a private key for authorizing transactions.
