Bitcoin.com Wallet Adds Support For Multisig (Shared) Wallets
The Bitcoin.com Team is excited to announce support for shared (multisig) wallets for Bitcoin and Bitcoin Cash in the Bitcoin.com Wallet. That means you can protect your most valuable wallets with a unique form of two-factor authentication, set up a corporate treasury, safely introduce your kids to Bitcoin, and more. What Are Shared Wallets? Standard crypto wallets use one private key to access and send transactions while shared wallets require two or more private keys to access the funds connected with the wallet. Private keys in shared wallets are often given to different....
Related News
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....
Times have been busy in the bitcoin wallet world lately. Two hardware wallets - Trezor and BTChip - have finally shipped, and wallet security continues to mature. In spite of all this, though, people who should know better are still being robbed because they fail to add more protection to their bitcoin holdings. To tackle the issue of bitcoin wallet vulnerabilities, it's important to look at the security protections that are currently available for wallets, and to explore what work still needs to be done in the future. Multisig. 2014 was to be the year of multiple signatures (multisig),....
The hardware wallet maker released its new Bitcoin application, allowing users to enjoy more complex wallet functionalities.
UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets. Multisig wallets have at least three unique private keys. Through the new partnership, consumers will control one private key, while Gem and Elliptic will have custody over the two others. Customers are not obliged to assign the third key to Elliptic. However, if the client loses their key, Gem and Elliptic will use their private keys to transfer the user's funds into a new Gem multisig account belonging to the customer. Dr James Smith, CEO at....
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....