BitPay Releases Multisig Wallet App for Windows Phone
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....
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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....
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....
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.
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
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....