What is a Lisk multi-signature account?
A multi-signature account consists of a group owner and up to 15 subordinates. That means a total of 16 (N) accounts. The subordinates need to confirm every transaction from the group owner’s account. Every multi-signature account can specify how many (M) confirmations they need. If all the confirmations are not collected, the transaction will not be performed and the funds will not be send.