Pybitcointools Multisig Tutorial
There has been a large amount of interest in multisignature transaction technology in the past year, especially with the recent announcement of CryptoCorp. If you want to play with multisig technology yourself on the command line, here are the gritty details of how to do it. First, run sudo pip install bitcoin to install the Python Bitcoin library. Then,....
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Coinbase Vault, first revealed a few months ago, has now implemented a multisig feature that has been demanded far and wide by Coinbase's international customer base. In one fell swoop, Coinbase has set themselves apart from their competitor, Circle, in a big way. Today, Coinbase announced their Multisig Vault, which allows users to control their own private keys on Coinbase. This means that even in the event of Coinbase's untimely demise, bitcoins "stored" in the Coinbase multisig vault would still be accessible to the user. Users would be able to use open source tools, like this one, to....
Today, 13% of Bitcoin is protected by multisig technology. A growing minority of Bitcoin users employ a multi-signature wallet, which uses more than one private key to access the wallet. By using this approach, wallets are much less vulnerable to security breaches, as no single party possesses all the information necessary to decrypt the wallet. Princeton professor Arvind Narayanan tweeted about the significance of the multisig uptick: More cryptocurrency wallets offering multisig support. More Bitcoin wallet providers have recently enabled multisig functionality, as it seems to be headed....
It's no wonder why so many aspiring cryptocurrency day traders are getting taken to the cleaners, given the fact that there's precious little truly reliable (i.e. quality) information on this very topic. Leave it to the CryptoForex Team over at WallStreetCrypto.net to stand and deliver with the Crypto-Forex 101 Tutorial, above and beyond the call of duty: No commercial agenda, No signing up for anything, And no product pitches. Crypto-Forex 101 is indisputably the most thorough, objective and well-presented tutorial of its type to date; unraveling the hidden mysteries of cryptocurrrency....
UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets. Multisig wallets have at least three unique private keys. Through the new partnership, consumers will control one private key, while Gem and Elliptic will have custody over the two others. Customers are not obliged to assign the third key to Elliptic. However, if the client loses their key, Gem and Elliptic will use their private keys to transfer the user's funds into a new Gem multisig account belonging to the customer. Dr James Smith, CEO at....
Nunchuk, a wallet provider focused on “the proliferation of multisig,” announced the release of its library today. The post Multisig Coordination Software Nunchuk Releases Its Code appeared first on Bitcoin Magazine.