Tag: Multisignature

What Is a Multisignature Escrow Wallet?

In the world of cryptocurrency wallet technology, multisignature solutions have been slowly becoming the new norm. A multisignature wallet requires multiple users to sign off on a given transaction. This is mainly beneficial to companies and projects working with a single wallet. However, this technology can also be used for escrow-related services. This is greatly interesting to darknet market operators, who have been looking to integrate multisignature escrow wallet solutions. The Purse of …
[Read More]

Bitcoin Wallet Review – Bitgo

In the world of Bitcoin and cryptocurrency, choosing the right wallet that suits your needs will make a significant difference. There are some aspects of different wallets one always needs to keep in mind. Bitgo is quite an appealing solution, as it can be accessed via the browser and through mobile applications. The bigger question is whether or not it is worth your time. An Overview of the Bitgo Wallet …
[Read More]

What is a Multisignature Bitcoin Address?

In the bitcoin world, there is often a lot of talk about securing cryptocurrency wallets in various ways. One way to do so is by using a multisignature wallet structure, which requires authorization from multiple users before money can be transferred. However, it seems there is still a lot of confusion as to how multisignature wallets work. The Inner Workings of a Multisignature Wallet Multisignature wallets – often referred to …
[Read More]

Is BitGo To Blame For The Bitfinex Bitcoin Theft?

In light of the recent Bitfinex attack, BitGo revealed a rather interesting statement. The company claimed their own investigation has yielded no evidence of a breach of any of their servers during the Bitfinex attack. This is rather strange, as all of the missing funds was drained from multisignature wallets, which should be secured by BitGo’s technology. A Rather Worrisome Scenario For BitGo? The way most people look at this …
[Read More]