Gnosis Safe is a smart contract wallet that runs on Ethereum and requires a minimum number of people to approve a transaction before it can occur. The platform allows the user to have full access to the customization of the crypto assets held by the company, with an option to require a predefined number of signatures to confirm transactions.
As we all are aware of the fact that most of the users of Ethereum are used to a single key wallet, or EOA, that stands for Externally Owned Accounts. These accounts are secured with a private key, which then can be transformed into a seed phrase for the user.
Gnosis Safe provides the user with complete self custody over the users’ funds and it should be noted that there is no risk of a bank giving you stress for running a crypto business. The smart contract that has been deployed is in the user’s control.
Gnosis Safe Advocates for Security and Full Authority
The platform requires multiple team members in order to confirm every transaction in order to execute it, which further helps prevent unauthorized access to company crypto. Along with this, it should be noted that Gnosis Safe extends support to ETH, ERC20 (Tokens), and ERC721 (Collectibles) while being able to see the fiat values of your assets.
You can utilize your favorite wallet to sign transactions regardless of the fact that it is a mobile wallet, browser extension, or hardware wallet. What adds more to the value of the project is the fact that Gnosis Safe is bringing multi-sig security to Decentralized Finance, you can now put your funds to work directly from the Gnosis Safe interface.
It’s time to make use of the digital assets to invest, earn, borrow, invoice, do payroll, and more. Get on board with the Gnosis Safe platform now.