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Circle’s CEO praised Avocado Multisig, a multi-chain wallet, calling it a USDC “gas tank.” Circle CEO Jeremy Allaire lauded the launch, highlighting the wallet ’s unified USDC “gas tank,” allowing all signers to pool resources to cover transaction fees across supported blockchain networks. This feature simplifies the often complex issue of gas fee management in the defi ecosystem. Great example of a multi-sig direct custody wallet with a unified $USDC gas tank for all chain fees. Well done @Instadapp ! https://t.co/vCGwfEjLpG — Jeremy Allaire (@jerallaire) August 29, 2023 The announcement came on Aug. 29. The protocol launched its Avocado defi wallet in March. The new wallet can cater to many users, including individuals, teams, and institutions. Multi-signature wallet s, commonly known as multisig, require multiple private keys to access crypto assets or execute transactions. This feature enhances security by eliminating the risk of a ...

Some creative Bitcoin ers have introduce d a novel method for customizing multi-signature wallet s that can adapt to a variety of real-world use cases. The newly- introduce d Frostsnap method upgrades the capability of any multisig with a suite of new Features . For context, traditional Bitcoin Script multisig wallets have always been the most secure way to safeguard funds on the Bitcoin network. As the name suggests, rather than a single signer able to transfer funds, a multisig requires multiple signers to authorize any transaction.  Traditional multisigs can’t add signers without creating a new wallet. Changing a 2-of-3 to a 3-of-5 multisig, for example, requires creating a new multisig and transferring funds. Frostsnap , however, introduce s a method to: change hardware wallets (Ledgers, Trezors, ColdCards, etc.) belonging to a multisig without additional on-chain transactions, add new signers to a key after the initial private key generation event, permitting ph...