Multi-signature crypto wallets are the safest bet for DAOs
You can’t hang the fate of your decentralized autonomous organization (DAO) on a single point of failure if you want it to succeed. Decentralized autonomous organizations are paving the way toward community governance for any kind of company. We’re seeing new creative use cases for DAOs, such as GameFi comic books laying the foundation for collectible card game development and support from key players like Ethereum co-founder Vitalik Buterin — who has claimed there is value in shared decision-making to eliminate acts of collusion. But on the other end of the spectrum, there are DAOs....
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Recently, business strategy and recruitment specialist Tal Newhart, spoke to PRNewswire about a case involving the physical theft of bitcoins perpetrated by a car breaker. In connection to this, CoinTelegraph has conducted a survey of experts to find out what the best ways to protect Bitcoin wallets are. There are different means of digital protection of Bitcoin wallets, such as multi signature, deep cold storage, hardware wallets or the BIP38 protocol. It’s up to to the user, which of these secure measures they choose. For example, security researcher and crypto enthusiast, Ryan....
For those that may not know Coinkite, it’s an independent business that focuses of bitcoin wallets, along with multi-signature wallets, touts bank-grade security along developer API and privacy. As CEO Rodolfo Novak would describe it, it’s a one-stop shop for everything you need. Coinkite just celebrated a year’s worth of hard work and dedication to the bitcoin infrastructure. To kick the next chapter off, they decided to offer a starter package to all users for free, knocking off the previous one percent withdrawal charges.
World's leading Bitcoin exchange Bitfinex has partnered with multi-signature technology provider BitGo following the recent hot wallet compromise in which 1500 Bitcoins were stolen. The exchange announced the integration of the multi-signature technology via a press release. Bitfinex will now provide a multi-signature wallet to each customer, allowing traders to keep track of their funds on the blockchain. With this development, the Bitcoin exchange also expects to avert any future hot wallet compromises or at least minimize the impact. Since each user will have an individual multi-sig....
Gem, the Venice, Calif. -based Bitcoin startup offering a multi-signature-based security platform to Bitcoin developers, has partnered with expresscoin, the Santa Monica, Calif. -based digital currency retailer. The partnership will offer Gem's scale-able and secure API wallet to expresscoin users, initially powering internal accounts and operations and eventually powering co-branded, end-user wallets with Gem's multi-signature security solution, thus providing an alternative to expresscoin's current bring-your-own-wallet environment.
Coinone, a bitcoin exchange in South Korea, recently announced a multi-signature wallet. According to its CEO Myunghun Cha, it was time for the bitcoin exchange to offer "equal level of safety and control" as other multi-signature wallet providers. The company makes use of a third-party API through BitGo, which they deemed as the answer to many security concerns facing exchanges and online wallets. "With its implementation, we hope to bring in more users from the national and international pool of bitcoin users," Cha added. Coinone Bitcoin Exchange Operations. Coinone was built by Devign....