Showing posts with label Single point of failure. Show all posts
Showing posts with label Single point of failure. Show all posts

Tuesday, March 18, 2014

Bitcoin 101 - Multi-Signature Addresses pt1 - Coding This Major Security Improvement

The bitcoin logo
The bitcoin logo (Photo credit: Wikipedia)



Just like the Wright brothers, on those first flights at Kitty Hawk, didn't concern themselves that much with landing. And improvements like anti-lock brakes and seat belts help protect passengers in cars. Bitcoin is now in that 'second phase' where security is becoming massively important. Fortunately, because the currency is programmable, anything is really possible. Originally introduced into the bitcoin client a few years ago, multisignature addresses massively more secure than regular ones. Their adoption by all wallet manufacturers is coming. But, for you techies and voyeurs, we'll jump inside the ideas of multi-sig and even program the stuff. Hope you enjoy.


Enhanced by Zemanta