Summary
TLDR: Individual bitcoin holders can benefit from multisig wallets for added security, while institutions need to use threshold security for their bitcoin treasuries. Multisig offers higher security compared to singlesig, and can be combined with SSS or MPC for multi-level thresholds, providing maximum security for large bitcoin holdings. Unchained offers collaborative custody services for both individuals and institutions to ensure the protection of their bitcoin assets.
Key Points
1. The resources and security requirements of individual bitcoin holders will differ from those of institutions, leading to different custody strategies for each group.
2. Multisig offers threshold security, protecting users from single points of failure and ensuring that funds are not lost if any one component of the setup is compromised.
3. Multisig has a higher security ceiling compared to singlesig, as it can be the foundation of multi-level thresholds, offering additional layers of security for larger bitcoin holdings.