News
Security expert Jameson Lopp said some users lost Ethereum-based tokens because of the lack of a secure storage method.
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Multisignature News
Multisignature is a scheme performed to protect an account from being compromised by a malicious user by allowing a group of trusted parties to sign a single document, mostly by producing a joint signature. Multisignatures are widely used in the cryptocurrency and fintech industries. Multisignature wallets are more protected from attacks than regular ones, due to the necessity of collecting the private data of several entities in order to hack them. Multisignature in Bitcoin, however, is technically not a multisignature, but just a protection with a number of additional distinct users’ signatures. There are a lot of multisignature Bitcoin and Ethereum wallets produced by third parties to provide supplementary protection for cryptocurrency users. Multisignature is often performed for corporate purposes to ensure a transaction is approved by management before initializing it.
- Podcast
PactDAO co-founder Marisa Rando says the decentralization of mutual aid collectives is key to catalyzing activism and building stronger communities.
2761 - News
Texas-based Unchained Capital hopes to undermine single points of failure and mitigate counterparty risk with its substantial $60 million raise, led by Valor Equity Partners.
2938 - News
The vulnerability allegedly allows Web3 apps using the StarkEx protocol to bypass the security protection of private keys in MPC wallets, potentially exposing users' layer 2 keys to wallet providers.
3166 - Opinion
You can’t hang the fate of your decentralized autonomous organization on a single point of failure if you want it to succeed.
3094 - Analysis
Multiparty computation is being leveraged to ensure private key security and decentralization within Web3 platforms. But why use it?
3833 - News
Industry insiders have pointed out the flaws inherent in multisig security as a way to protect funds in smart contracts, and have offered various alternative solutions.
3206 - News
In particular, ROAST has been posited as a signature standard that could work with, and improve threshold signature schemes such as FROST.
3136 - News
A Gnosis safe now contains the third-largest concentration of Ether, according to Etherscan, holding 2.2% of the coin supply — worth $2.9 billion.
22286 - News
Almost one-third of the entire Bitcoin supply is secured with a feature that gained adoption after the Mt. Gox heist.
26161 - News
The organizer of a Bitcoin programming boot camp has published a proof-of-concept for a user interface for multisig protection for Bitcoin hardware wallets and full nodes.
3485 - Analysis
Blockstream’s MuSig schemes hopes to develop efficient, secure multisignature transaction capability for Bitcoin in the future.
6631 - News
Swiss bank Gazprombank has partnered with fintech and crypto startups Avaloq and Metaco to develop crypto asset services.
5806 Though Bitcoin wallet experts opt for multisig for better security, statistics show low usage of the option.
2577Multisig, or multi-signature, wallets are on the rise, providing roughly 13% of the Bitcoin world with added wallet security.
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