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Author Topic: New Bitcoin Security Standards, multi-signature wallets are becoming standard.  (Read 574 times)
Bitalo_Martin (OP)
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May 17, 2014, 11:49:34 PM
 #1

http://www.coindesk.com/year-multisig-so-far/
Bitalo.com explicitly mentioned: Multi-Signature combined with backup transaction technology. Thanks to Two-Factor Authentication you can setup your wallet even on a fully hacked computer and thanks to a backup-transaction you get your bitcoins out, even when the website is completely offline. This is the new standard I hope every Bitcoin site will adapt.
piotr_n
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May 17, 2014, 11:59:09 PM
 #2

Problem with multisig transactions is that they are big - less of them fit into one block, so they essentially become more expensive.
I guess their price will eventually limit the usage. Not so much a lack of software.

Check out gocoin - my original project of full bitcoin node & cold wallet written in Go.
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