BitGo Unveils Open-Source Bitcoin Key Recovery Service
Bitcoin security platform BitGo announced the launch of the first automated open source Key Recovery Service (KRS) software that allows generating, securing and storing private backup keys, which should make it one of the most secure Bitcoin vaults in the world. A major problem Bitcoin wallet users encounter is the security of the keys. While most new secure wallets implement multi-signature, in which 1 or 2 keys are created and stored by the user, a problem arises when the user forgets one of the passwords as they would then lose access to the wallet and its contents. However, BitGo’s new....
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PALO ALTO, CA — Today, BitGo announced the launch of its new service, BitGo Instant. BitGo claimed that this service is “the world’s first way to safely receive zero-confirm Bitcoin transactions with a full financial guarantee. Along with the announcement of its launch, BitGo reported that it has a “strong list of initial partners,” to recognize the zero-confirmation transactions. These partners include, Bitfinex, Bitstamp, CoinHako, FoldApp, Genesis Trading, Kraken, ShapeShift and Unocoin. BitGo Instant with a multi-signature wallet implementation. BitGo Instant wallets consist of 3 keys:....
Digital asset security platform, and a prime name in the Bitcoin security, BitGo, has launched unique automated open source Key Recovery Service (KRS) software for provisioning the cold backup keys. The solution is also cost-effective and the company is hoping that this factor would enable the industry to use it and ensure better security. BitGo has been working on this with the goal to provide a secure digital asset vault while making sure that the wallet users have full control of their digital assets. This approach, of providing full access of digital assets to their owners, makes sense....
Bitcoin security company BitGo has announced a new feature – BitGo Instant which promises instant settlement for bitcoin transactions. The service also guarantees recipients a compensation via a claim fulfilled by BitGo, if the transaction isn’t confirmed on the blockchain. In an announcement via a press release today, BitGo has launched BitGo Instant, a service that allows users to transfer bitcoin for real-time settlement, before the transaction is confirmed on the blockchain. The service is positioned to users who seek instant bitcoin transactions while securing the funds against the....
BitGo has announced a new service that leverages the security firm's status as a consigner on its multisig accounts to allow customers the means to provide greater financial transparency. As part of the announcement, bitcoin firm ChangeTip will use the new Verified by BitGo service to demonstrate its account holdings. The tipping platform will display its bitcoin solvency on its website, listing assets and liabilities in real-time along with information specific to individual users. Links to the Verified by BitGo page will also be displayed within each user's ChangeTip account page and on....
Bitcoin security firm BitGo has launched a new service that aims to allow clients to accept bitcoin transactions prior to their official confirmation on the blockchain. Called BitGo Instant, the offering aims to allow users to accept transactions more quickly, while guarding against the possibility that funds could be 'double spent' or otherwise altered before they settle against the bitcoin ledger. At launch, BitGo said major exchanges including Bitstamp, Bitfinex and Kraken had already signed on as users of the service. Other notable partners include altcoin trading service ShapeShift....