blockchain - Is there a way to use multisig without smart contracts on Ethereum?

Question

I have already found many wallets that offer multisig smart contract deployment. But this way is very expensive and slow, because it requires a lot of transactions. I think there is another way. For example, we can create many private keys, sign transactions with them, and then combine the results into one final transaction. Is such a scheme possible? Or maybe I missed some services?

question from:https://stackoverflow.com/questions/66068627/is-there-a-way-to-use-multisig-without-smart-contracts-on-ethereum

Answer 1

Ethereum does not support native threshold wallets. You need to use multisignature wallets like Gnosis Safe.

Gnosis Safe requires only one transaction per execution from the multisig wallet. Other communication happens off-chain. Thus your assumption "very expensive and slow, because it requires a lot of transactions." is incorrect.