Crypto Short News

Bitcoin Developers Launch Multisig UI For Bitcoin Wallet In Alpha Stage

Wallets will now need 2 or more private keys to be accessed

Bitcoin developers have created a multi-signature (multisig) user interface for both hardware wallets and full nodes to enhance Bitcoin Wallet security. Wallets protected by multisig technology need more than one private key to access the wallet. Thus it is less likely to breach the security as no single party possesses all the information to access the wallet. Each separate signer device should confirm every transaction before broadcasting. 

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The project aims to support a new blockchain-based financial and identity ecosystem by lowering insecurity related to blockchain. The project is still in its Alpha stage. 

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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