Now let's expand on this example: Bob's funds are not enough to develop such a profitable project, and Alice needs three more investors, a developer, and a manager. Alice finds them and decides to start a DAO, offering each of them 10% ownership of the IP, that is, 10% of the IP tokens, to help her dream of a time machine become a reality. In the end, Alice owns 40% of the IP tokens, and the other six participants each own 10%.
We will look at this a bit later. Before we talk about multi-signature functionality, it's important to know the basics of InvArch IP tokens. In its fundamental architecture and understanding, InvArch uses blockchain technology to allow people to tokenize and store their IPs - thanks to a partnership with RMRK - as RMRK 2.0 NFTs, allowing them to have maximum composability as IP sets and use programmable IP tokens tied to the IP set.
Now this is getting very interesting! From a personal perspective, IP tokens are the "magic" component of InvArch technology. They validate ownership or rights to an IP set, which can be shared among multiple addresses or owners. They are fully programmable, and IP set creators determine the usefulness and usability of IP tokens themselves.
What is multisignature?
Multisignature is an implementation of an electrode signature scheme which requires a certain number of keys from a common group. Let's take an example: A and B decided to create a safe, and each of them has a key, but to open the safe, they must use both keys simultaneously, this is a clear application of multisignature. In cryptocurrency, this technology appeared for bitcoin wallets to increase their security. By using a multisignature wallet, users can prevent problems related to the loss or theft of a private key. This is somewhat similar to 2FA. For example, to log into the wallet through the phone you need to use a confirmation installed on the computer, this technology is already implemented in Google services and is quite common.
Does this technology have disadvantages?
Although multi-signature wallets are a good solution to a number of problems, it is very important to note that they require a certain level of shadow awareness, as well as other resources for implementation, also on the legal side this issue is quite new and unexplored.
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