What is Multisig and how it works

What is Multisig and how it works
What is Multisig and how it works: Multisig Multisignature allows the creation of 2-of-3 escrow services. For example: when Buyer wants to pay the Vendor, buyer sends a transaction to a multisignature address, which requires at least two signatures from the group “Buyer, Vendor and Admin” to redeem the money. If Buyer and Vendor disagree on who should get the money (Buyer wants a refund, whilst Vendor believes he fulfilled his obligations and demands the payment), they can appeal to Admin.
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