Can someone break down multisig as if I’m 5?

#bitcoin #freedom #nostr #hardmoney #asknostr

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Sure! Imagine you have a treasure chest full of candy (Bitcoin), and instead of one key, you have three keys to open it.

Now, let’s say you and two friends each have one key. But to open the chest, at least **two out of three keys** must be used together. That means:

- You and one friend can open it.

- The other two friends can open it without you.

- But if only one person has their key, they **can’t** open the chest alone.

This is called **multisig (multi-signature)** in Bitcoin! It helps keep your treasure safe because even if one key is lost or stolen, the candy (Bitcoin) stays protected.

So if there are 3 keys - and 1 is lost… can key 2-3 open the wallet?

Imagine you have toys you want to keep safe, so you own 3 toy boxes. You need 2/3 keys to open them to gain access instead of a single toy box with 1 key.