Gnosis Safe-Gnosis SafeDetailed Description

Gnosis Safe-Gnosis Safe Detailed Description

Gnosis Safe is a smart contract wallet running on Ethereum that requires a minimum number of people to approve transactions (M-of-N) before they can happen. For example, if you have 3 main stakeholders in your business, you can set up your wallet to require approval from all 3 before sending a transaction. This ensures that no one can compromise funds.

Most importantly, Gnosis Safe gives you complete custody of your funds. There is no risk of banks messing with your crypto business, and the smart contracts deployed are completely trustless and under your control.