BitQuick Goes MultiSig, Partners with BitGo for Its P2SH Addresses
BitQuick is upgrading its wallet security, partnering with BitGo to implement multisignature technology for its Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term trading service.
Like its related altcoin buying service, AltQuick, BitQuick isn't a full-scale order book-driven marketplace. Buyers submit orders and lock in a price, after which they pay the indicated amount at a branch of the company's bank. They then receive their bitcoins within a few hours. Sellers deposit their bitcoins with the service and receive cash deposits or SEPA transfers.
Their employment of multisig technology, one of the industry's growing trends, was likely in response to the most recent hacking at Bitstamp. Staying offline for several days, Bitstamp reengineered its backend and employed a multisig wallet, also provided by BitGo.
A number of notable players in the industry have already adopted BitGo's technology, including BitFury, Tera Exchange and Bitcoin Foundation.
BitQuick will be using BitGo's technology for its Pay to script hash (P2SH) addresses, which allow bitcoin transactions to be sent more securely to a script hash. In addition, they plan on storing a backup key in a secure offline location in case there's a BitGo service failure.
BitQuick is upgrading its wallet security, partnering with BitGo to implement multisignature technology for its Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term trading service.
Like its related altcoin buying service, AltQuick, BitQuick isn't a full-scale order book-driven marketplace. Buyers submit orders and lock in a price, after which they pay the indicated amount at a branch of the company's bank. They then receive their bitcoins within a few hours. Sellers deposit their bitcoins with the service and receive cash deposits or SEPA transfers.
Their employment of multisig technology, one of the industry's growing trends, was likely in response to the most recent hacking at Bitstamp. Staying offline for several days, Bitstamp reengineered its backend and employed a multisig wallet, also provided by BitGo.
A number of notable players in the industry have already adopted BitGo's technology, including BitFury, Tera Exchange and Bitcoin Foundation.
BitQuick will be using BitGo's technology for its Pay to script hash (P2SH) addresses, which allow bitcoin transactions to be sent more securely to a script hash. In addition, they plan on storing a backup key in a secure offline location in case there's a BitGo service failure.