A multisig wallet increases the security of your wallet by requiring multiple signatures to perform a transaction. If you demand at least two signatures, even if an attacker got their hands on one signer's device, they wouldn't be able to use the money in your wallet. However, bear the following in mind:

• Every time you want to sign a transaction, it requires signature from the required number of signers
• You'll need several recovery phrases in order to get your wallet back.

Using a Multisignature Wallet can provide enhanced security and control over digital assets, but it also comes with certain risks. Here are some of the potential risks associated with using a multisignature wallet:

• Loss of Access to Keys: Users may lose access to one or more keys required to sign transactions, leading to an inability to access assets in the wallet. This can happen due to device loss, physical loss of keys, or forgetting passwords.
• Coordination Among Signers: To execute a transaction, all participating parties need to coordinate and approve. If one or more parties are unable or unwilling to participate, the transaction may be delayed or not executed at all.
• Insecure Key Distribution: During the distribution of keys to the involved parties, if proper security measures are not in place, the keys may be compromised, leading to the risk of asset loss.
• Security Risks from Cyber Attacks: Multisignature wallets can still be targeted by hackers through security vulnerabilities, phishing attacks, or social engineering tactics.
• User Errors: Users may encounter difficulties in setting up and managing a multisignature wallet due to its complexity. Mistakes during configuration or usage can lead to asset loss.
• Lack of Knowledge and Experience: If users do not have sufficient understanding of how a multisignature wallet works and the necessary security measures, they can easily make mistakes that lead to high risks.
• Poor Recovery Capabilities: In the event of key or device loss, if there are no effective recovery measures in place, users may permanently lose access to their assets.
• Risks Associated with Third-Party Services: If users rely on third-party services to manage keys or support the multisignature wallet, any issues with the third party can affect the security and availability of the wallet.

There are several types of multi-signature (multisig) wallets available, each differing in features, security levels, and use cases:

• Hardware Multisig Wallets:
  • Description: These wallets use physical devices (hardware wallets) to store private keys and sign transactions.
  • Examples: Ledger Nano X, Trezor Model T.
  • Differences: They offer high security as the keys are stored offline, making them less vulnerable to hacking. They are suitable for users who prioritize security over convenience.
• Software Multisig Wallets:
  • Description: These wallets are software applications that can be installed on a computer or mobile device.
  • Examples: Electrum, Armory.
  • Differences: They provide a balance between security and convenience, often offering more features and user-friendly interfaces. However, they are more susceptible to malware and phishing attacks compared to hardware wallets.
• Custodial Multisig Wallets:
  • Description: These wallets are managed by third-party services that hold one or more of the keys.
  • Examples: Coinbase Custody, BitGo.
  • Differences: They offer ease of use and professional management, making them suitable for institutional investors or less tech-savvy users. The downside is that they involve trusting a third party with part of the security.
• Non-Custodial Multisig Wallets:
  • Description: These wallets allow users to fully control all keys without involving a third party.
  • Examples: Gnosis Safe, Casa.
  • Differences: They provide higher security and privacy as the user retains full control. They are ideal for users who have the technical know-how to manage their own keys.
• Decentralized Multisig Wallets:
  • Description: These wallets use decentralized networks and smart contracts to manage the signing process.
  • Examples: Gnosis Safe, Aragon.
  • Differences: They offer enhanced security through decentralization and smart contracts, making them resistant to single points of failure. They are suitable for users who require robust security and transparency.
• Mobile Multisig Wallets:
  • Description: These are mobile applications designed for multisig transactions.
  • Examples: Orosign, Trust Wallet.
  • Differences: They offer convenience and accessibility for users on the go. Security depends on the device’s security measures and the implementation of the app itself.

Orosign is providing:

• Multisig: The Orosign multisignature wallet (multisig wallet) allows users to store their funds securely as it can only be accessed by using 2 or more signatures. The use of a multisig wallet enables users to add another layer of protection to their assets.
• Friendly UI/UX: The UI/UX is user-friendly and easy to use.
• Onchain Custodian: Orosign allows customers to create their own multisig wallet with minimal cost. Orosign also improves the users' experience in terms of asset management.
• Affordable fee: Orosign is mainly targeted at semi-retail customers. They can make use of the multisignature feature at an affordable price.
• Self-managed: Orosign allows customers to customize the smart contracts according to their needs.
• Security: The signing process is secured by utilizing off-chain signing and verification. As mentioned above, the proofs are verified independently with secp256k1, which safeguards the funds as long as the majority of private keys are kept secure.

To get started with Orosign, please follow these steps:

• Download Orosign application from the app store. Orosign is available for both iOs and Android devices. You can download the app from this link:
  - iOs
  - Android
• After you have Orosign installed on your mobile, open the app and follow the setup instructions, and create your multi-signature wallet. You can then begin managing your digital assets securely.