Singapore-based Bitcoin exchange Cryptosigma has developed multi-signature desktop and mobile wallets that are set to ease users’ fears common at this stage of development in cryptocurrency. Many customers are still hesitant to use bitcoins because they are afraid of losing out on transaction fees and price fluctuations while selling in and out of the still-volatile digital money.
Amid the rapid adoption of multi-signature technology by industry players, Gem is going from strength to strength, partnering with several high-profile cryptocurrency service providers who have learnt from the mistakes of the past.
In the wake of such public image setbacks as the Mt. Gox heist and the incessant security threats testing the Bitcoin space, more and more exchanges (Bitstamp, Huobi, etc.) are increasingly implementing multisignature security in their wallets. The addition promises greater protection of funds by removing centralized points of failure due to the traditional custodial account model.
