How does a multisig wallet differ from a standard bitcoin wallet?
As a financial practitioner specializing in cryptocurrencies, I'm curious to understand the distinct features of multisig wallets in comparison to standard Bitcoin wallets. Could you elaborate on the key differences? For instance, does the multisig setup enhance security measures by requiring multiple signatures for fund transactions? And does it also offer additional flexibility in terms of access and control for wallet participants? Understanding these nuances is crucial for individuals and businesses alike in determining the best wallet solution for their specific needs.