What is the difference between singlesig and multisig?
With multisignature there is more than one private key, and typically three private keys associated with the address. This technology makes recovering one's funds more forgiving, while adding a layer of security. I'd entreat you to go through this page for the detailed explanation(information)->
https://bitcoinmagazine.com/articles/multisig-future-bitcoin-1394686504 Well, it seems that using 1 prefix is beneficial.
Multisig wallets do have more advanced features (as compared to determinsitic wallets). Fun fact-> However, to be honest, I don't use 'em (multisig wallet) personally.
