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Title: [2014-08-08] CD: Bitcoin-Litecoin Exchange Huobi Acquires Quickwallet Post by: LiteCoinGuy on August 08, 2014, 01:46:50 PM Bitcoin-Litecoin Exchange Huobi Acquires Quickwallet
Bitcoin-litecoin exchange Huobi has acquired multi-signature wallet Quickwallet and China’s leading BTC/LTC block explorer Qukuai.com. http://www.coindesk.com/huobi-acquires-multi-signature-quickwallet/ Title: Re: [2014-08-08] CD: Bitcoin-Litecoin Exchange Huobi Acquires Quickwallet Post by: Chef Ramsay on August 08, 2014, 06:33:06 PM Quote Quickwallet employs a ‘two-of-two’ multisig system, meaning one private key is retained by the user locally, while the other is stored on Quickwallet’s servers. This means a user cannot double-spend and, as a result, they can get instant confirmation of transfers to other Quickwallet users and deposits to Huobi exchange accounts. Looks like Coinbase will have to catch up if they don't already have something in the mix. I'm really liking what I'm seeing out of Houbi and never really thought I'd be interested in a foreign service like this. I think this sort of thing would be great for the American market being expanded.This also makes Huobi the first bitcoin exchange to offer instantaneous deposits from an on-blockchain wallet. Even if a user’s private key is hacked and/or stolen, the thief cannot gain control of the funds. Also, this means no one at Huobi or BitVC has the power to take the coins. Title: Re: [2014-08-08] CD: Bitcoin-Litecoin Exchange Huobi Acquires Quickwallet Post by: LiteCoinGuy on August 08, 2014, 06:44:02 PM true, and they get more and more professional ever day. nice to see the development here.
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