Purse Releases Open-Source Wallet Code for ‘Philosophical Reasons’
Bitcoin shopping platform Purse.io just announced the release of its wallet code into open-source as well as a browser-based full node to improve platform security following the Bitfinex hack. Open-Source Wallet Code Released by Purse. Purse has added some new features to the platform such as a new tracking system, added packing/shipping data, and....
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SAN FRANCISCO, CA – The crypto-company Purse.io has just made a special announcement after closing a $1 million USD venture seed round to accelerate its Bitcoin commerce effort. The team that brought Amazon to cryptocurrency has unveiled its new secret project: Tritium. With this project, Purse plans to utilize the company’s network to bring new value to....
One of Bitcoin's most important security features, a crucial property that makes the system trustless, is its open source nature. Because Bitcoin’s code is open source, anyone able to read code can check for themselves whether it does what it's supposed to do. Plus, as per Linus's Law: Given enough eyeballs, all bugs are shallow. But open source code doesn't necessarily eliminate all risk. Users still need to trust that the software they run on their computers actually reflects the open source code as it should. To eliminate this risk, Bitcoin developers have developed a fierce security....
Samourai Wallet developers don’t believe you should trust their wallet platform. “Users should look at our reputation thus far and make a judgement as to if we are honest and trustworthy, but at the end of the day code doesn’t lie, we have produced the code, anyone can go take a look, can comment, can suggest, can criticize, can fork,” a developer, who goes by ‘SW’, told CCN. Bitcoiners should only trust one person when it comes to storing their bitcoin – themselves. Samourai formally started development in February 2015 with the goal of filling a major void in the Bitcoin wallet space:....
Update - Reports have surfaced that a segment of Purse.io customers did not only receive a password reset notification on their emails, but also received the confirmation code and confirmation mail stating that their funds have been successfully transferred. It is still not clear which part of the system was compromised as the company has not made any information public yet. According to few redditors, the company might have lost a portion or all of the bitcoins stored in its hot wallet due to the attack. The attack seems to be localized to Authy 2-factor authentication tool users. There....