A question in regards to EIC and multi-sig

I am looking into the EIC market, and the multi-sig function set up in regards to the market. I remember back in the day when TMP was up and running, and it was possible to create a wallet with https://www.bitaddress.org Would it be possible to use bitaddress to create a public key? Granted, the private key would have to be saved/stored in order to release funds, but I would think a completely random wallet address would be more "secure" than an address on electrum. Maybe I am stoned, but just wonderin.


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