Defiway has implemented an innovative security feature called Multisign to safeguard both user funds and the user. This advanced protection mechanism utilizes multiple nodes, each with their own unique private keys and blockchain pools, to function as a collective Multisign.
- With Multisign, users are assured that their funds can only be withdrawn if all individuals involved in the payment process have given their explicit signatures. This provides an additional layer of security and reduces the risk of unauthorized access or fraudulent activity.
- To prevent any potential disruptions to the blockchain, payments are frequently checked at regular intervals. This helps to avoid forks and ensures that all transactions are securely recorded on the blockchain.
Overall, Defiway's implementation of Multisign is a significant step forward in protecting user assets and privacy in the decentralized finance space.