Topic: Interesting presentation on how Bitalo created a real no-trust Bitcoin service (Read 703 times)
May 05, 2014, 09:38:06 AM
Alright, thanks again, I'll check it.
May 05, 2014, 09:21:24 AM
the solution is multi-signature wallets where the user's keys are only stored encrypted on the webserver, combined with two factor authentication that goes exclusively via the second device plus pre-signed recovery transactions that can "redeem" bitcoins in case of complete shutdown.
It is fully implemented at http://www.bitalo.com
It is fully implemented at http://www.bitalo.com
May 05, 2014, 09:07:27 AM
interesting, thank you, but you told us about the problems you are solving, not the solution you are offering. How are you going to solve those problems?
May 05, 2014, 08:57:26 AM
the main part is shorter, it is just with a Q&A session that makes it so long.
The summary is:
It is possible to create no-trust Bitcoin services where it is practically impossible to lose Bitcoins, even under very extreme conditions like:
-The website goes completely offline
-The server is hacked
-Your computer is fully compromised
-The site administrators are malicious
-The server company is malicious
While at the same time usability is like with any other service.
The summary is:
It is possible to create no-trust Bitcoin services where it is practically impossible to lose Bitcoins, even under very extreme conditions like:
-The website goes completely offline
-The server is hacked
-Your computer is fully compromised
-The site administrators are malicious
-The server company is malicious
While at the same time usability is like with any other service.
May 05, 2014, 05:59:24 AM
You should post a summary or a link to some details. 37m video?
May 02, 2014, 02:08:42 AM
Interesting video. Worth Watching.
May 02, 2014, 02:01:52 AM
Well, with an unbiased review like that, it must be worth watching.
May 01, 2014, 08:40:43 PM
Recently presented at Bitcoinference in Amsterdam by Martin Albert from Bitalo.
Basically a genius concept where it is impossible to steal or lose Bitcoins, even when the website goes offline, admins are malicious and/or your computer is fully compromised.
https://www.youtube.com/watch?v=0TU9zvJYC8c
Basically a genius concept where it is impossible to steal or lose Bitcoins, even when the website goes offline, admins are malicious and/or your computer is fully compromised.
https://www.youtube.com/watch?v=0TU9zvJYC8c
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