Part 10/15:
Onramp’s innovative custody solution involves multi-sig (multi-signature proof) arrangements across several trusted institutions, making unauthorized access or theft significantly more difficult. The process ensures that no single entity can unilaterally move Bitcoin, providing enhanced security, estate planning benefits, and ease of transfer for heirs.
How It Works in Practice
Clients set up accounts with multiple key-holding institutions, coordinate authentication procedures, and can authorize transactions through secure multi-party signatures. Jesse explains that these structures are designed to eliminate counterparty risk while removing the complexity and fear associated with managing cryptographic keys alone.