Airbitz Implements Deterministic Signatures for Its Wallets
Bitcoin solutions developerAirbitz has developed a mobile wallet that now supports deterministic transaction signatures. The transaction signatures support the RFC 6979 standard. To understand why this is significant, here is some background on signatures and why they are necessary. Bitcoin uses elliptic curve digital signatures which require a random value with every transaction. Multiple transactions utilizing the same private key and a poor random number generator for transaction signing may reveal a significant portion of the private key. Digital Signatures Explained. In an open source....
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cIf you have been following the last year of progress in Bitcoin wallet development, you will have likely already heard of one of the latest trends in backend designbe: deterministic wallets. Unlike old-style Bitcoin wallets, which generate new Bitcoin addresses and private keys randomly as needed, in a deterministic wallet all of the data is generated using a specific algorithm from a single seed. That is to say, if you write down the seed to your deterministic wallet, and then after six months your hard drive gets corrupted and the wallet unrecoverable, you can simply create a new wallet....
The San Diego-based wallet company Airbitz has just announced the release of its Bitcoin wallet Plugin API for third party applications and services within the industry. Airbitz Plugin API Brings Bitcoin to 3rd Party Apps. Airbitz says they have been hard at work with Airbitz SDK integrations, Glidera implementations, Edge Security partnerships, and now....
Since the beginning of 2015, the bitcoin industry has seen an increasing number of data breaches targeted at bitcoin wallet service providers and exchanges, leaving the private keys of bitcoin accounts and user funds vulnerable to potential hacking attacks. Leading bitcoin exchanges and wallet platforms have begun to implement backup encryption systems, the multi-signature technology and provide hierarchical deterministic (HD) wallets to secure user funds. Deterministic & Multi-Sig Wallets. Leading deterministic bitcoin wallet platforms include Electrum, CarbonWallet, TREZOR and Armory.....
Bitcoin wallet provider Airbitz continues to close in on the release of buy-and-sell functionalities within its wallets interface. The Lead architect of the wallet, William Swanson, recently told CCN that the firm will soon offer the service around the globe through its partners. "Our US partner is bringing their service online and is in private Beta at the moment," Swanson said. "We will be able to switch on our in-app integration soon." The company also has a Eurozone partner ready to go. "We just need to hook up a bit of code," Swanson said. By offering this service through its....
LAS VEGAS, NV – October 7, 2014 – Airbitz today announced the release of its integrated mobile bitcoin wallet and business directory, now with 3,200+ listings and coverage in 14 countries, at Inside Bitcoins Las Vegas. Airbitz CEO Paul Puey will present a session on “Bitcoin Wallets: Balancing Security, Privacy, and Ease of Use” at the conference on October 7th at 2:00PM.“In order to increase adoption of bitcoin and grow our ecosystem, we recognized the need to make transactions easier and more approachable,” said Airbitz CEO Paul Puey. “This was our impetus in creating a product with a....