Using a managed multisignature solution is a way for the less technical Bitcoin users to protect themselves from centralized, third-party security holes.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.My family was nervous to hold our own keys. It’s a...
Blockstream's research division, which focuses on Bitcoin (BTC), has proposed a new sort of multisig standard dubbed Robust Asynchronous Schnorr Threshold Signatures (ROAST). It aims to eliminate transaction failures caused by absent or malicious signers and can operate at scale. The word multisig or multisignature refers to a transaction that requires two or more signatures […]
It’s imperative to use best practices in bitcoin security in order to protect assets. Jameson Lopp shares the ways Casa supports their clients.Watch This Episode On YouTubeListen To...
What environmental factors should one consider when deciding upon the various options available to store and manage Bitcoin private keys?Bitcoin key management is probably one of the scariest aspects of interacting with your money for a new user with any sizable amount of value. It’s also one of the most important aspects. One of the core aspects of bitcoin that truly differentiates...
Exciting times at the Block headquarters. In today’s world, self-custody of your coins is one of the most important things there is. And Jack Dorsey’s bitcoin-focused company knows this. That’s why Block’s Square team is building a hardware wallet, even though Nick Slaney, Product Design Engineer, thinks it’s “so much more.” In a recent Twitter thread,...
Polygon is perhaps the most popular alternative to transacting directly on the Ethereum baselayer (L1), giving users the opportunity to do fast transactions with low fees. Polygon (MATIC) is best known as a so-called side-chain to Ethereum, i.e. an Ethereum Virtual Machine (EVM) compatible blockchain...
The hardware wallet maker released its new Bitcoin application, allowing users to enjoy more complex wallet functionalities.Ledger has launched the latest version of its Bitcoin application, adding support for partially-signed bitcoin transactions (PSBTs), data Merkleization, and new wallet policies, the company said in a statement. The update enables users to...
Emerging apps like Nunchuk 2.0 show that a robust decentralized financial system is being built on Bitcoin with self sovereignty in mind.The below is a direct excerpt of Marty's Bent Issue #1114: "Multisig option are expanding." Sign up for the newsletter here....
Even though burglars managed to steal the victim’s hardware wallet, his funds were still safe because of his multisig setup.Bitcoin user Callum McArthur’s house was broken into last month, and the burglars stole his hardware wallet and recovery words which stored his bitcoin stack. However, even though the criminals managed to get away with McArthur’s devices, they didn’t know that the keys...
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Recently-launched Bitcoin wallet Nunchuk announced today that it is making its application library, libnunchuk, open source and available to the public. Nunchuk describes its mission as “the proliferation of multisig” and attempts to make multisig wallet security easier to achieve by offering a product that integrates some of the latest developments around partially-signed bitcoin transactions (PSBTs) and descriptor language. “In the early days...
Multisignature wallets are cryptocurrency wallets which require two or more private keys to sign and send a transaction.
Bitcoin multisig wallets can enable...
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