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Topic: [ANN] FrozenBit: Multi-currency, Multisignature, client side wallet (freenode) (Read 1666 times)
September 13, 2014, 07:54:15 PM
September 07, 2014, 02:32:34 PM
http://cointelegraph.com/news/112186/multi-coin-wallet-overview-frozenbit-and-coinomi-
Amazing article by cointelegraph
August 30, 2014, 04:38:42 PM
reserved
August 21, 2014, 06:34:01 PM
FrozenBit uses, decentralization, trustlessness and multi-signature client-side wallets to help secure the worlds Bit, Quark, Black, Lite and Dogecoin. (soon to work with ether)
Feel like supporting the team? You can contribute at 15yqW7NaGUbq1B3WZ6Th1m1XNaMaiSzHar thank you. Want to chat with the team? #FrozenBit
See what we're all about at http://frozenb.it
Bitcoin's biggest problem has been how can someone fully secure their (BTC)bitcoin's? While there are decent solutions, there hasn't been a way to do this trustlessly. I'm proud to present our solution to this problem. FrozenBit, the first multisignature bitcoin wallet with a trustless approach.
What is FrozenBit?
FrozenBit is a project that's goal is to connect users to the benefits of the multisignature wallet. We hope to achieve this by easily, and adequately educating users through experience about this feature. We're also a service who has been working to bring security to every crypto-currency transparently. We're interested in working with many developers on their crypto-currency to help develop intuitive solutions that connect enthusiast's to their currency.
We've worked on a full enterprise suite of features that we provide to user for free. This includes our as-merchant services (free). Our non-institutional products are as follows: proof of reserve, to verify and establish notorized trust and proof of solvency, RWES, to allow counter parties to hold currency trustlessly in a 1- of, 2- of, 3 of-, etc. wallet, watch only, a keyless way to manage you're bitcoin portfolio, and the referral program to incetivize the education of multisignature wallets.
Click For Video
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That's what FrozenBit is.
FrozenBit in the news:
Why FrozenBit:
Due to our unmatched suite of features for anyone to freely use. We offer a wide range of products to easily and completely secure and manage a bitcoin portfolio. This is done via our interactive management platform in you're account which can be created in seconds and is secured by time based 2fa.
We've coded transparently and provided all the code to the public to audit. Which means we've given all of our products right back to the community to innovate off of.
We've also encorporated our products along side other currencies, which means we're dedicated for a more secure crypto-world as a whole. Not just bitcoin, we're INVESTED Into the success and over-all experience of using crypto-currency.
Key Features:
- Multisignature wallets
- 2FA
- User controlled keys
- The only MULTIPLATFORM bitcoin wallet
- Trezor Key generation
- Killer API
- Referral Program
- Real World Escrow Situations
- Watch Only
- Proof of reserve
Multisignature Wallets:
Multisignature wallets are in essence the technology all financial institutions use today to secure client funds. Since bitcoin is a way to avoid banks, this is the perfect way to feel as secure as you would in a bank with bitcoin. Multisignature is an underlying protocol in bitcoin that allows 3 randomly connected people to form a trustless storage for their coins. Using encrypted keys called public keys, users enter 3 of these (or more) into bitcoin qt or some generator site like coinb.in.
This forms an address that starts with a 3, that no one person can send funds from. Instead this one person can initiate a transaction to give to other people who's keys are used to sign the wallet to spend. Depending on the setup, such as 2 of 3 that's how many users are required to sign then broadcast the transaction into the bitcoin network. Not only does this have trustless applications, this also allows multiple devices to generate a more secure coldstorage address with no single point of failure.
Likewise, with the release of the trezor we are experimenting with involving that device in the generation of keys. Simply plug in trezor and trezor will manage keys!
2FA:
Like I previously noted we take our security seriously and accomplished this by incorporating features the community would ask for in a wallet. We refuse to compromise, and we refuse to hear about the next theft so we've mandated this key piece of preventative security. You're required to enter a SMS pin whenever you login, and attempt a withdrawal.
Your now able to have better security, transparency and liberty over your bitcoin portfolio. Did we mention you'll be able to use your trezor to login?
User controlled keys:
Every wallet on FrozenBit is user generated. Meaning made in browser, without help from us. The only thing that is actually on the server when it comes time to spend funds is the encrypted public key. We learned from armory, and the community people don't like third parties, we'll we don't even like parties so we decided just not to attend that one and let you control your keys.
-This action can be verified over github on our open-source offline package. Meaning you can even generate your own coldstorages.
Multiplatform Bitcoin Wallet:
We have 2 apps pending approval on mobile devices both apple, and android in which they allow users to completely control their funds even on the go. Stay tuned for the official approval announcement. Lets also not forget our powerful desktop application that will be completely offline that will allow users 100% easier access to bitcoin multisignature technology. This will be more geared towards our advanced users.
HD Wallets (BIP 39)
Allowing many addresses in 1 wallet instead of 1 address, per 1 wallet.
RWES:(REAL WORLD ESCROW SITUATIONS)
We are considering this something that will make FrozenBit entirely different from your ordinary run of the mill bitcoin wallet. Yeah we're multisig, but how can we expand bitcoin trust? How can we make a trustless system between random people?
RWES is here to solve that. By allowing 3 emails to be entered at registration and each email receiving a log-in that generates their key (1 of 3) that allows the initiation or signature for a transaction (2 of 3) from their joint address. This means people can finally hold money together without fear one signee will go rogue, because they no longer have the means to do it. This program acts as the first attempt at a fee-less escrow where the technicals are fully removed from the process. We are 100% uninvolved and this rely's 100% on the bitcoins protocol to work.
Proof of Reserve:
The biggest issue among the Bitcoin economy, which is constantly stated as a something that could be it's downfall is trust. We've decided to create a solution to this issue. Proof of Reserve, think of this as a bank statement; except all your customers can see it.
Using this features creates a new OFFLINE address (coldstorage) that's multisignature. It also creates a corresponding page which is public and can be shared among customers to prove you own the address and funds. Customers can trust that address as being both issued by FrozenBit, and being owned by you or your company.
Watch Only:
FrozenBit is a Bitcoin security platform. We feel you should be able to manage (view) all your holdings in one place. Watch only means you cannot spend funds from addresses added, but you are able to track and maintain these addresses.
Referral Program:
The referral program acts like any other referral program does. When you invite a user onto site and they secure their bitcoins, the site pays you 0.05% of their deposited amount in bitcoin directly to your wallet. There is no minimum and very little referral verification time. We feel this is the best way to adept users into multisignature and entice you to avertise us to your friends and others you knowwho use bitcoin. We feel this is needed for people to want to spread Multisignature technology around to every user possible. Also, we have tools that allow you to track and verify how much you should be receiving in result of your referral actions.
STAY TUNED FOR OFFICIAL RELEASE DATE OF FROZENBIT; - TARGET MID SEPTEMBER. -
Also Reference a recent interview our CEO, Calvin. Interviewed by http://www.bitcoinegghead.com - Chris Emberely.
Quote
"Considering Calvin, frozenbits CEO was someone who is on the front-line of bitcoin innovation I wanted to get his input on things surrounding this mysterious new feature people are just now talking about. I asked him to go on the record talking about his service, multisig in general and what he difference really is. He agreed.
CHRIS- "So Calvin thanks for agreeing for the interview, I'm quite inspired by a few of the related emails you sent me and thanks for the time explaining the concept of multisig."
CALVIN- "We'll thanks for having me do the interview, It's been quite the journey. Seeing someone begin interest in multisig and what we're trying to do is a sign frozenbits development is justified."
CHRIS- "I wanted to start off with something other than multisig. In regards to apple, how do you take this news?"
CALVIN- "Apple is creative, solid business plan and I think this is a calculated move they've been waiting for. I don't think I'd be far off from saying it both attracts a desirable demographic 18-25 years of age back into apple. It may also play into their new tone of "we're still cool and we like cool things." Like bicoin!
CHRIS- Insightful, Didn't think of that.
CHRIS- "I seen a tweet the other day from you to armory. They released their own multisig feature called lockboxes I believe. Seeing you congratulate them was an interesting move."
CALVIN- " I love armory, I personally use their wallet for cold storage. Nothing beats being in control of your own coins. This inspired me to strive to leave the customer in charge of their coins when designing frozenbits underlying protocol. So that tweet was out of genuine love for their service, and philosophy. Seeing them dive into multisig was wonderful, knowing that people are seeing advances and Armory out of all services is embracing is forthright."
CHRIS- "There is so many different services out there, what makes frozenbit so special."
CALVIN- "Lets forget about the multisignature difference for a minute, because I believe so many others are going to embrace it soon. Frozenbit is, and will always will be a company that learns from all those before it. We know people want to be in control of their coins, we know people want privacy, we know people don't want another mark managing a system where their coins could be at risk.
I can assure you and any hearing about us for the first time or a long time follower that this is not the case. We have a dedicated team who works long nights, to get this to market as fast a possible. Great relations with bitcoin users, enthusiasts and even just the code behind it.
CHRIS- "Nice outlook, what about features, bonuses and such?"
CALVIN- "Frozenbit is the goodie bad of features. We pulled out all the stops to dedicate ourselves to living bitcoin. We use the same encryption techniques the military does, we store coins and wallets offline and we assign a cryptographic footprint to every account to sign their transactions when spending funds. Now our greatest feature is out strive to go mobile, very few wallets are.
I can assure you this will be the easiest bitcoin platform you've ever used, simplicity, accessibility and security all in one platform. And friends, lets not forget about referring your friends and reaping rewards! We want everyone to be as protected as our users so we are PAYING out bonuses when you refer a user!"
CHRIS- "Now, there isn't that much about you out there when I was researching into your developments."
CALVIN- "Well I'm to Stanford university, I'm pursuing a masters in computer science and an MBA in risk management. Two things that make me keen and intrigued by bitcoin as a monetary system and it's underlying code. We're based in Palo alto, CA (Come visit us sometime, the coffee is on me) and there are 3 people working with me on this. We're a 100% self funded start-up, not one investor dollar is in this company we only answer to the people who love bitcoin and those who use our service.
CHRIS- "I may take you up on the coffee. Thanks for the interview, I think that about sums up everything I wanted to personally ask you!"
CALVIN- "Hey it's no problem. Like I said earlier thanks for doing this, bitcoin holds a lot of things that truly make it unique. I'm only one of the people unlocking those features and giving them to everyone equally.""
CHRIS- "So Calvin thanks for agreeing for the interview, I'm quite inspired by a few of the related emails you sent me and thanks for the time explaining the concept of multisig."
CALVIN- "We'll thanks for having me do the interview, It's been quite the journey. Seeing someone begin interest in multisig and what we're trying to do is a sign frozenbits development is justified."
CHRIS- "I wanted to start off with something other than multisig. In regards to apple, how do you take this news?"
CALVIN- "Apple is creative, solid business plan and I think this is a calculated move they've been waiting for. I don't think I'd be far off from saying it both attracts a desirable demographic 18-25 years of age back into apple. It may also play into their new tone of "we're still cool and we like cool things." Like bicoin!
CHRIS- Insightful, Didn't think of that.
CHRIS- "I seen a tweet the other day from you to armory. They released their own multisig feature called lockboxes I believe. Seeing you congratulate them was an interesting move."
CALVIN- " I love armory, I personally use their wallet for cold storage. Nothing beats being in control of your own coins. This inspired me to strive to leave the customer in charge of their coins when designing frozenbits underlying protocol. So that tweet was out of genuine love for their service, and philosophy. Seeing them dive into multisig was wonderful, knowing that people are seeing advances and Armory out of all services is embracing is forthright."
CHRIS- "There is so many different services out there, what makes frozenbit so special."
CALVIN- "Lets forget about the multisignature difference for a minute, because I believe so many others are going to embrace it soon. Frozenbit is, and will always will be a company that learns from all those before it. We know people want to be in control of their coins, we know people want privacy, we know people don't want another mark managing a system where their coins could be at risk.
I can assure you and any hearing about us for the first time or a long time follower that this is not the case. We have a dedicated team who works long nights, to get this to market as fast a possible. Great relations with bitcoin users, enthusiasts and even just the code behind it.
CHRIS- "Nice outlook, what about features, bonuses and such?"
CALVIN- "Frozenbit is the goodie bad of features. We pulled out all the stops to dedicate ourselves to living bitcoin. We use the same encryption techniques the military does, we store coins and wallets offline and we assign a cryptographic footprint to every account to sign their transactions when spending funds. Now our greatest feature is out strive to go mobile, very few wallets are.
I can assure you this will be the easiest bitcoin platform you've ever used, simplicity, accessibility and security all in one platform. And friends, lets not forget about referring your friends and reaping rewards! We want everyone to be as protected as our users so we are PAYING out bonuses when you refer a user!"
CHRIS- "Now, there isn't that much about you out there when I was researching into your developments."
CALVIN- "Well I'm to Stanford university, I'm pursuing a masters in computer science and an MBA in risk management. Two things that make me keen and intrigued by bitcoin as a monetary system and it's underlying code. We're based in Palo alto, CA (Come visit us sometime, the coffee is on me) and there are 3 people working with me on this. We're a 100% self funded start-up, not one investor dollar is in this company we only answer to the people who love bitcoin and those who use our service.
CHRIS- "I may take you up on the coffee. Thanks for the interview, I think that about sums up everything I wanted to personally ask you!"
CALVIN- "Hey it's no problem. Like I said earlier thanks for doing this, bitcoin holds a lot of things that truly make it unique. I'm only one of the people unlocking those features and giving them to everyone equally.""
What People have been saying about multisig:
Quote
"Multisignature protocol caught my eye when gox failed. As someone who lost about every bitcoin they had in gox it intrigued me.
I asked myself how so few people know about something so innovatively simple and built into bitcoins protocol. Multisig is the perfect marriage for bitcoin and security.
Instead of one key, there are essentially 3 keys (or more) attributed to bitcoin address. It requires 2 of 3 private keys to-agree-to spend funds, that means you could hold all 3 for added security or have an address where you and your friends each have a key." -Chris, BitcoinEggHead.com
I asked myself how so few people know about something so innovatively simple and built into bitcoins protocol. Multisig is the perfect marriage for bitcoin and security.
Instead of one key, there are essentially 3 keys (or more) attributed to bitcoin address. It requires 2 of 3 private keys to-agree-to spend funds, that means you could hold all 3 for added security or have an address where you and your friends each have a key." -Chris, BitcoinEggHead.com
Quote
"Imagine a safe in a bank that needs two keys to unlock the safe at any time – the bank’s key and your personal key. Multisignature addresses capture the essence of this but without needing to be in the same place" - Thomas Kerin, Bitswap
Quote
"Year of Multisig"- Gavin Andresen, Bitcoin Core Developer
So why aren't you using multisig? Protect your funds today at, http://FrozenB.it
Team information is currently being typed up at the time your seeing this, and github will be updated and uploaded when site is finished. We don't want people using a broken product now do we?
Want to be on the developers list for any updates that may come along? Message me here with your email.
Feel like supporting the team? You can contribute at 15yqW7NaGUbq1B3WZ6Th1m1XNaMaiSzHar thank you.
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