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M-of-n

A generic way to denote multisig, requiring M signatures out of N total possible signers (e.g., 2-of-3).
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Multisignature addresses aren’t limited to 2-of-3 or 3-of-5. Any combination M-of-N can be used, where M is the threshold of signatures needed to spend funds. This provides granular control over security and redundancy. For instance, a corporation might adopt 3-of-5 for board approvals, or a family might use 2-of-2 to require both spouses’ agreement. Bitcoin’s standard script supports up to 15-of-15, though storing and coordinating that many keys can be impractical. M-of-N is the backbone of advanced custody, forging trustless cooperation between signers.

Key takeaways
General term for threshold signature setups
Allows flexible security policies based on participants’ needs
Practical for corporate, family, or co-managed funds
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