BitPay's Copay Team Broadcasts First BIP32 P2SH Multisig Transaction From Argentina
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....
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Bitcoin payments processor BitPay has announced that Copay, its multisig bitcoin wallet, is set to leave beta today. Copay, originally known as Cosign, aims to combat bitcoin wallet thefts by offering customisable security for businesses and individuals. Like other multisig products, a predetermined number of parties must 'sign off' each Copay transaction before it is broadcast to the bitcoin network. The app, which has been in development for over a year, is fully open-source and able to be
For those of you following the developments of Copay, an open-source multi-signature wallet in development by BitPay, some new information is coming our with regard to its capabilities. Specifically, the information relates to asynchronous multisig capabilities. Now, just in case you're not familiar, Copay allows the transmission of funds from a wallet once all copayers sign a transaction (the amount of copayers is chosen when the wallet is set up). But in order for this to have happened, all copayers were required to be online in order to spend the bitcoin. That, of course, is a minor....
BitPay has made its open-source, multi-signature bitcoin wallet Copay available for free on the Windows Phone app store. The bitcoin payment processor launched Copay on the Windows app store Tuesday at the CES consumer electronics and technology tradeshow in Las Vegas. The news follows the December announcement that Microsoft had begun accepting bitcoin through BitPay for select apps, games and video purchases. Still in beta mode, Copay was initially developed for BitPay's internal use, with its multisig functionality proving to be advantageous for corporate fund management and....
Bitcoin payments processor BitPay has released the beta version of an open-source, multi-signature wallet service called Copay. Copay aims to provide a solution to a central security issue posed by the use of a private key - that bitcoins can become compromised and stolen if someone fraudulently gains access to it. The issue has brought a lot of attention to multisig technology, with several notable companies in the ecosystem developing and releasing multisig wallets in recent months. BitPay chief executive and co-founder Stephen Pair told CoinDesk that the company expects multisig....
We've heard a bit on BitPay's doings in the open source field, and today, the company announced on their blog that they've got a multisig, open source wallet in the works called Copay. We've heard of Copay previously, but now it's got its own website at Copay.io, and has launched in beta. At BitPay, we've been working on a multi-signature wallet to help us manage our company funds and we decided that we should make it available to everyone to use and (we hope) build upon. Copay is built on top of bitcore (a highly successful open source bitcoin stack). It also uses Insight, an open source....