Many bitcoin/blockchain companies and groups, including exchanges, offchain wallet services, token funds, and so on, store their large amount of blockchain assets on single "NON-MULTISIG" addresses. We do not know whether these addresses are cold or not, but definitely NON-MULTISIG, private keys are controlled by one singular person, that is really a high risk thing.
So we decide to initiate the "Multisig Day" Proposal for the bitcoin/blockchain world, and as a wallet developing team, we will prepare tens of thousands dollars of devices (hardware wallets and metal seed cards) to help companies and groups to begin using Cold+Multisig wallet solution for their bitcoin/blockchain assets.
Bither Wallet ( bither.net )
Bitpie Wallet ( bitpie.com )
Bithd Hardware Wallet ( bithd.com )
Topic: Bitpie Wallet initiates the “Multi-sig Day” (Read 164 times)
As the world's leading multi-chain wallet, Bitpie proposes to set the annual "March 22" as the "Multisig Day" because 3/2 and 2/2 are very common multi-signature schemes (especial 2/2 multisig has also been widely used in the protocol of Lightning Network.) It is meaningful to set 3/22 as “Multisig Day”.
Why do we want to initiate the "Multisig Day"?
Bitfinex incident, QuadrigaCX incident and countless independent incidents, as one of the few wallet teams that have 0 security incident for six consecutive years, we have seen too many cases of losing blockchain assets, most of those tragedies could be avoid if people setup a reasonable and secure multisig scheme in advanced.
Although a large number of cases have demonstrated the importance of multisig, especially cold multisign schemes for blockchain asset management, until today, a great deal of assets are still stored in a single address without multisig protection. Do a little bit of blockchain data analysis on BTC, ETH, EOS or USDT, you will find it is a common behavior to keep hundreds of millions of assets in a vulnerable way. That is to say, even after the blockchain industry has developed rapidly for a few years, most blockchain teams are still likely to suffer potential asset loss tragedies.
Considering the current situation of industry asset management that is not optimistic, as a wallet team that has been investing a lot of energy in the field of multisig technology, we propose to set the annual "March 22" as the "Multisig Day." And from this day on, we launched the “Multisig adoption plan for blockchain industry”, in which we will contribute a great number of BITHD hardware wallets that worth 50,000$+ to help organizations in the industry understand, learn and gradually use “ Cold wallet + Multisig” scheme to ensure that the company's blockchain assets can be managed in a more reasonable and safer way. We hope that our efforts will improve the level of blockchain asset management in the industry and contribute to the entire blockchain community.
Our past efforts in multisig area:
● Bither Wallet is one of the first teams in the world that proposed the HDM (HD+Multisig) wallet model, we are also the first team that developed “cold HDM” wallet;
● Bitpie wallet is the world's first wallet offers Bitcoin on-chain multisig custody OTC services.
● BITHD hardware wallet has the most user-friendly BTC multisig experience, which allows non-technical person such as executives, accountants or lawyers easily participate in blockchain asset management. This is very important for the popularity of Multisig.
● BITHD hardware wallet is the world's first hardware wallet to support ETH and EOS multisig;
● BITHD will soon support USDT multisig;
As a team that continues to focus on security, we will continue our engagement in this area to make it easier for more organizations to manage large blockchain assets and make blockchain asset management safer!
Why do we want to initiate the "Multisig Day"?
Bitfinex incident, QuadrigaCX incident and countless independent incidents, as one of the few wallet teams that have 0 security incident for six consecutive years, we have seen too many cases of losing blockchain assets, most of those tragedies could be avoid if people setup a reasonable and secure multisig scheme in advanced.
Although a large number of cases have demonstrated the importance of multisig, especially cold multisign schemes for blockchain asset management, until today, a great deal of assets are still stored in a single address without multisig protection. Do a little bit of blockchain data analysis on BTC, ETH, EOS or USDT, you will find it is a common behavior to keep hundreds of millions of assets in a vulnerable way. That is to say, even after the blockchain industry has developed rapidly for a few years, most blockchain teams are still likely to suffer potential asset loss tragedies.
Considering the current situation of industry asset management that is not optimistic, as a wallet team that has been investing a lot of energy in the field of multisig technology, we propose to set the annual "March 22" as the "Multisig Day." And from this day on, we launched the “Multisig adoption plan for blockchain industry”, in which we will contribute a great number of BITHD hardware wallets that worth 50,000$+ to help organizations in the industry understand, learn and gradually use “ Cold wallet + Multisig” scheme to ensure that the company's blockchain assets can be managed in a more reasonable and safer way. We hope that our efforts will improve the level of blockchain asset management in the industry and contribute to the entire blockchain community.
Our past efforts in multisig area:
● Bither Wallet is one of the first teams in the world that proposed the HDM (HD+Multisig) wallet model, we are also the first team that developed “cold HDM” wallet;
● Bitpie wallet is the world's first wallet offers Bitcoin on-chain multisig custody OTC services.
● BITHD hardware wallet has the most user-friendly BTC multisig experience, which allows non-technical person such as executives, accountants or lawyers easily participate in blockchain asset management. This is very important for the popularity of Multisig.
● BITHD hardware wallet is the world's first hardware wallet to support ETH and EOS multisig;
● BITHD will soon support USDT multisig;
As a team that continues to focus on security, we will continue our engagement in this area to make it easier for more organizations to manage large blockchain assets and make blockchain asset management safer!
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