Jarom Hlebasko I will suggest going through the below link which explains this very clearly:
Geodatabase | Multiuser Geodatabase
In short, the license level of ArcSDE is more important here for your understanding:
SDE Personal: You can have 3 simultaneous users connected , but only 1 can edit.
SDE Workgroup: You can have 10 simultaneous users/editors.
SDE Enterprise: No limitation on simultaneous users/editors.