-> :fire: ***What is the power of multisignatures?*** Multisignatures allow the modeling of a variety of financial arrangements such as corporations, partnerships, committees, and other groups. A 1-of-2 multisig might be a married couple's joint bank account, while a 2-of-2 multisig might be used for large expenditures by a Limited Liability Partnership. Multisignatures also form one of the bases of Smart Contracts. For example, a real estate deal could be closed with a 2-of-3 multisig, where the signatures are submitted by the buyer, the seller, and an escrow agent. Once the escrow agent agrees that all of the conditions have been met, he frees up the funds for the seller; or alternatively, the buyer and seller can jointly free the funds.
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