Bitcoin Authenticator Powers Wallet Security and Mainstream Adoption
It takes more than one key to send bitcoins with Bitcoin Authenticator. One of the main reasons that certain individuals don't like the idea of using Bitcoin is that they're afraid a hacker will be able to steal their bitcoins from their desktop computer. Although a person can do everything in their power to make sure their computer is not compromised, the reality is that there's no such thing as 100% security. This poses a serious issue for a digital currency that uses irreversible transactions as one of its core principles. Bitcoin Authenticator is a new security plugin for Bitcoin....
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Security has become a very important issue when it comes to Bitcoin wallets, and the ecosystem is always in constant demand for new features and innovative developments. The Bitcoin Authenticator is a new open project aiming to bring new developments and innovations to the Bitcoin security industry, and the first to introduce a Bitcoin wallet that offers a practical decentralized wallet security solution. The development team has also designed a decentralized, two-factor authentication (2FA) application that sits on top of the wallet. The Alpha version of the Authenticator is already....
Keeping in mind how this solution is available on iOS as well, it would make sense for Bitcoin exchanges to integrate it. If there is one thing people should have learned from the Bitfinex hack, it is that security remains of the utmost importance. While users can’t do much about platform security beyond their control they should take appropriate steps to protect their own account. The new Microsoft Authenticator, which is now available on Android devices, may start making its way to Bitcoin exchanges soon. There us nothing worse for Bitcoin users to have funds stolen from their account....
Bitcoin has been around for about 7 years now and its adoption is gradually picking up. But when we say that bitcoin adoption is picking up and lot of people are using it to make payments etc., we are actually referring to only a fraction of total world's population. We have been reading about forecasts that say "bitcoin is going mainstream", but how can we call that "going mainstream" when bitcoin adoption is less than a meagre 1 percent. READ MORE: Bitcoin Community to Hit 5 Million Mark by 2019. Is bitcoin ever going to be mainstream? Banks incorporating bitcoin technology for their....
While many companies in the Bitcoin space are working on the "killer app" that will drive mainstream consumer adoption, at Armory we are working on the "killer app" for institutional adoption: insurance. There are few investments that financial institutions can make that have the all-or-nothing security properties of a Bitcoin wallet. Many proponents tout the benefits of irreversible Bitcoin transactions for consumers and merchants, but at the enterprise level irreversibility can actually be quite scary. Business-to-business transactions are rarely anonymous, and the legal system provides....
With the new Investigatory Powers Act, the UK government can now force communication companies to create backdoor access for them. The definition of democracy and fundamental rights have changed over time. Each passing day, the governments are working hard to turn their respective countries into military states. The United Kingdom, with its latest Investigatory Powers Act, is soon going to make NSA and other US law enforcement organizations look like second-rate agencies. These developments are a gross violation of privacy in the name of national security and the only way to save one’s....