In Development: Cosign, A Multisignature Wallet by BitPay's Bitcore Team
One of the hot topics in the bitcoin community lately has been multisignature transactions. Put simply, what this does is provide several private keys for a bitcoin address, which serves as an additional security measure (if you're unfamiliar, read this). The folks at BitPay, who are hard at work on their Bitcore project, have announce they have a multisignature wallet in the works. Dubbed Cosign, the wallet will make spending multisig bitcoins just as simple as it is to spend from a single-signature address by having other people or computers "sign" transaction to confirm they are valid.....
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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....
There has been quite a lot of buzz surrounding multisig (multisignature) and bitcoin. But what exactly is it? Many think it's the future of bitcoin, and for a good reason. In short, multisignature transactions are unique in that they allow for more than one private key to control a wallet address. At present, most users deal with one public address, and one public. The issue with that is that it becomes incredibly easy to lose access to funds should the private key become compromised. As put by BitPay today on the BitCore blog: In a 2-of-2 multisignature transaction, a private key from....
The Bitcore team has been developingCosign: A Multisignature Wallet. This technology would provide additional layers of security to protect Bitcoins. This wallet would allow for a multi-signature wallet to validate all transactions before they are sent, thus significantly reducing theft that occurs within businesses that deal with digital currencies. Let's say we have a 5 signature wallet, one person can spend the Bitcoins like normal; however, the transaction will appear as partially signed and not be broadcast to the Bitcoin network unless it is signed by 3 of the co-signers of the....
BitPay has recently created Bitcore, based on removing centralized API systems and allows apps to interact directly with the Bitcoin network itself. This allows apps to continue working even if the server hosting the API goes down, and allows more decentralization. Bitcore uses node.js, which is a Javascript runtime. A simple command is needed to install Bitcore: npm install bitcore. Bitcore. While Bitcore does not necessarly transform app building into a simple copy and paste, it does allow pre-set commands to be shown easier than before. Bitcore is a fork of the three year-old....
Atlanta, Georgia-based bitcoin processor BitPay has announced the beta launch of Bitcore, a new open-source project that it says will allow app developers to more easily build projects on the bitcoin network. Bitcore represents a break from BitPay's processor plugins, as the JavaScript library is designed not for merchants, but to encourage "more developers to build software that interfaces directly with the real bitcoin network". BitPay broke the news via blog post, stating: "At BitPay, we believe that developers contemplating new Bitcoin projects should not have to resort to using....