Armory CEO to Step Down After Years of Bitcoin Development
Armory Technologies Inc. will be changing leadership soon. This announcement was made on the bitcointalk.org forum today by Armory CEO Alan Reiner. Armory Technologies, founded in 2011 by Reiner, Developed the Armory wallet, an open-source bitcoin wallet with security features like multisig and cold storage very early in Bitcoin’s development. Other security implementations like PGP signing of their packages instead of using the less secure md5 hash system made Armory one of the most secure open-source bitcoin wallets available. Failure of their enterprise offerings has brought the company....
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Armory, a popular bitcoin wallet considered by security experts and bitcoin developers including Ethereum founder Vitalik Buterin as the world’s most secure bitcoin wallet has officially terminated its operations today. Over the past five years, Armory had led the evolution of bitcoin wallet technologies by providing the most advanced and secure bitcoin client tailored for large storage of bitcoins. The problem, however, appeared in the business and financial aspect of the company. Ultimately, Armory is an independent business, which relies on its own funds for the development of advanced....
A group of prominent investors recently made a play in the bitcoin wallet space by backing startup Armory Technologies, Inc. The $600,000 seed round investment will go mostly towards funding and expanding development. Interestingly, this placement brings into focus a much larger issue: the monetization of bitcoin wallets. It's no mistake that Armory founder and CEO Alan Reiner told CoinDesk: "This first 12 months is more about developing a quality product than it is figuring out how to monetize it." An effective wallet monetization strategy doesn't exist yet. Even lead investor Trace Mayer....
One of the few wallet offering advanced security features has made its official appearance into the official "unstable" repository of the popular Linux distribution Debian. What is Armory? First, let's quote the great introduction wrote by Ethereum's Vitalik Buterin when he reviewed the wallet two years ago: "Armory is the most advanced and secure Bitcoin client available and has been developed by Alan Reiner who is one of the world's premier experts in Bitcoin security. If your use case requires safely storing large value in bitcoins, then Armory is the only practical choice. Armory....
Armory has thrown is support behind Segregated Witness (SegWit) as a way to address the bitcoin network scalability challenge, the wallet noted on a Github post. The Armory opposes hard forks that can attack the original bitcoin blockchain. Armory would consider supporting a long-lasting fork that does not attack the original chain and allow its users to transact on that chain if necessary. Depending on the extent of the changes, Armory could deploy the change completely and implement a migration tool to another wallet supporting the change. It could also choose not to support the fork.....
Open-source wallet management platform Armory Technologies has released Lockbox, a new multi-signature interface for bitcoin. Version 0.92 of the Armory client now has a new user interface that allows users to carry out multi-signature transactions, offering claimed "high-security storage", as well as opening up new possibilities for bitcoin contracts and escrow services. The Armory client lets users manage multiple wallets and maintain offline wallets, as well as other features. Flexible multisig. Armory says its new Lockboxes do not require any third-party services and that they give....