Multisignature Wallets Can Keep Your Coins Safer (If You Use Them Right)
Multisignature wallets are cryptocurrency wallets which require two or more private keys to sign and send a transaction.
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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....
Counterparty, a free and open source platform offering powerful P2P financial tools, recently announced its successful implementation of multisignature addresses. According to the information available on its blog, Counterparty has decided to release this feature upon reaching the block 333,500. Alongside the multisignature address feature, the company is also planning to offer free custom tokens. Earlier, it used to charge 0.5 XCP for the same. What are Multisignature Addresses? Multisignature addresses is an additional layer of security for ones' cryptocurrency wallets. In normal cases,....
Popular Bitcoin wallet Bitgo has announced an integration with Ledger hardware wallets for the Nano S and Blue models. The Partnership. “We are excited to announce a partnership with Ledger to combine the benefits of Bitgo’s multisignature enterprise wallet with Ledger’s hardware-based key storage”, announced Mike Belshe, Bitgo co-founder, and CEO. He....
Using a managed multisignature solution is a way for the less technical Bitcoin users to protect themselves from centralized, third-party security holes.
Starting today, anyone can store his/her bitcoins in a Coinbase Vault. Earlier in July, the popular Bitcoin exchange, wallet, and payments processor - Coinbase, announced Coinbase Vault, a free, optional service for safer long-term Bitcoin storage. The Vault wasn't immediately available to all users, and was instead gradually rolled out. General availability was targeted for July 16th, and although Coinbase seems to have missed their target by a few days, the Vault is now available to all users worldwide. Features. The general recommendation for Bitcoin wallets is to store a small....