Common setups
Quorum approvals
If your business needs multiple parties to be able to approve updates to or actions taken by wallets, the most common setup is to set up a key quorum consisting of a set of multiple authorization keys or users in your authentication system.
You can define the quorum such that a certain number of members of the quorum must approve actions to wallets. This is known as the quorum’s authorization threshold. Privy’s TEE infrastructure enforces that at least that many members of the quorum must sign the request to take an action with a wallet. To allow multiple parties to unilaterally approve wallet actions, you can set this threshold to 1.
Quorum approvals allow your business to create setups where multiple parties must sign-off on actions taken by wallets, enhancing security and ensuring your wallet setup complies with your business’s custody and regulatory stance.
Learn more about configuring quorum approvals below.
You can define the quorum such that a certain number of members of the quorum must approve actions to wallets. This is known as the quorum’s authorization threshold. Privy’s TEE infrastructure enforces that at least that many members of the quorum must sign the request to take an action with a wallet. To allow multiple parties to unilaterally approve wallet actions, you can set this threshold to 1.
Quorum approvals allow your business to create setups where multiple parties must sign-off on actions taken by wallets, enhancing security and ensuring your wallet setup complies with your business’s custody and regulatory stance.
Learn more about configuring quorum approvals below.
Key quorums
Use key quorums to configure quorum approvals on wallet actions.