Bitcore Team developing A Multisignature Wallet

Bitcore Team developing A Multisignature Wallet

The Bitcore team has been developingCosign: A Multisignature Wallet. This technology would provide additional layers of security to protect Bitcoins. This wallet would allow for a multi-signature wallet to validate all transactions before they are sent, thus significantly reducing theft that occurs within businesses that deal with digital currencies. Let's say we have a 5 signature wallet, one person can spend the Bitcoins like normal; however, the transaction will appear as partially signed and not be broadcast to the Bitcoin network unless it is signed by 3 of the co-signers of the....


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'Cosign' Wallet Streamlines Multisignature Transactions, Enhances Security

BitPay's BitCore development team is working on a new project that it claims will be "the most secure wallet in the world". Dubbed Cosign, the wallet is being developed to allow streamlined multisignature transactions that will add much needed security to bitcoin storage technology. The idea behind multisignature wallets is a simple one - transactions must be authenticated by more than one person to confirm that they are valid, hence boosting security. However, this does add another level of complexity to the process. Now, though, the Bitcore team thinks it has cracked that problem with a....

In Development: Cosign, A Multisignature Wallet by BitPay's Bitcore Team

One of the hot topics in the bitcoin community lately has been multisignature transactions. Put simply, what this does is provide several private keys for a bitcoin address, which serves as an additional security measure (if you're unfamiliar, read this). The folks at BitPay, who are hard at work on their Bitcore project, have announce they have a multisignature wallet in the works. Dubbed Cosign, the wallet will make spending multisig bitcoins just as simple as it is to spend from a single-signature address by having other people or computers "sign" transaction to confirm they are valid.....

BitPay's Copay Team Broadcasts First BIP32 P2SH Multisig Transaction From Argentina

There has been quite a lot of buzz surrounding multisig (multisignature) and bitcoin. But what exactly is it? Many think it's the future of bitcoin, and for a good reason. In short, multisignature transactions are unique in that they allow for more than one private key to control a wallet address. At present, most users deal with one public address, and one public. The issue with that is that it becomes incredibly easy to lose access to funds should the private key become compromised. As put by BitPay today on the BitCore blog: In a 2-of-2 multisignature transaction, a private key from....

Bitcore Achieves 100% Compatibility with Bitcoin Core

April 16, 2014 – Atlanta, GA – BitPay, the world leader in business solutions for Bitcoin digital currency, is excited to announce that Bitcore, a complete, native interface to the Bitcoin network has achieved 100% compatibility with the Bitcoin Core test data. Since the launch of the Bitcore open-source project in February of 2014, BitPay has been working hard at achieving full compatibility. These test confirm that bitcore correctly handles all of the test input data in the same way as the Bitcoin reference client, Bitcoin Core. Bitcore is a community effort and adding tests will greatly....

Bitcore - Open Source Developer Tools for the Bitcoin Network

Are you working on a Bitcoin project? The latest open-source Bitcoin project, Bitcore has been launched to make it easier than ever to develop apps that interact with the real Bitcoin network. Bitcore is a complete, native interface to the Bitcoin network, providing a pure and powerful core for your Bitcoin project. Designed by BitPay, Bitcore has been launched in order to encourage developers to build software that directly interfaces with the Bitcoin network. As a powerful peer-to-peer network, Bitcoin is the next generation of financial technology; and because of the decentralized....

Quotes

Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled network like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

Satoshi Nakamoto, Bitcoin Developer